M&F Bancorp Inc. announced unaudited financial results for the year ended December 31, 2015. The company recorded net income for the year ended December 31, 2015 of $347,000 compared to $1,047,000 for 2014, a decrease of $700,000. Net income available to common shareholders for the year ended December 31, 2015 was $110,000 compared to $810,000 for 2014, a decrease of $700,000.

Diluted income per common share decreased $0.35 to $0.05 for the year ended December 31, 2015 compared to $0.40 for 2014. The company produced net interest income of $9.9 million during the year ended December 31, 2015, which was down from the $10.6 million generated same period of 2014. Interest income decreased $673,000 or 5.96% to $10.6 million for the year ended December 31, 2015 as compared to the same period of the prior year.