First M&F Corporation
Consolidated Statements of Condition
(In thousands, except share data)
	December 31,	December 31,
	2003	2002
Cash and due from banks	39,849	43,329
Interest bearing bank balances	2,554	12,610
Federal funds sold	950	7,700
Securities available for sale (cost of
$181,375 and $226,617)	187,577	236,110
Loans	781,321	678,746
Allowance for loan losses	10,891	10,258
Net loans	770,430	668,488
Bank premises and equipment	24,214	21,508
Accrued interest receivable	7,330	7,125
Other real estate	802	950
Intangible assets	16,837	16,952
Other assets	27,755	22,362
	1,078,298	1,037,134
Non-interest bearing deposits	123,191	101,915
Interest bearing deposits	697,035	722,109
Total deposits	820,226	824,024
Federal funds and repurchase agreements	15,205	23,599
Other borrowings	122,033	71,142
Accrued interest payable	1,379	1,920
Other liabilities	7,732	7,583
Total liabilities	966,575	928,268
Noncontrolling joint venture interest	1,045	656
Common stock, 4,565,038 and 4,587,046, shares
issued & outstanding	22,825	22,935
Additional paid-in capital	31,624	33,260
Retained earnings	53,873	47,585
Accumulated other comprehensive income	2,356	4,430
Total equity	110,678	108,210
	1,078,298	1,037,134