First M&F Corporation
Condensed Consolidated Statements of Condition (Unaudited)
(In thousands, except share data)
	June 30	December 31	June 30
	2007	2006	2006
Cash and due from banks	47,966	59,793	60,516
Interest bearing bank balances	19,390	3,690	7,689
Federal funds sold	-	-	11,100
Securities available for sale (cost of
$237,571, $263,238 and $244,788)	235,290	261,828	240,907
Loans held for sale	6,659	7,263	10,356
Loans	1,146,879	1,087,283	1,080,146
Allowance for loan losses	15,059	14,950	16,047
Net loans	1,131,820	1,072,333	1,064,099
Bank premises and equipment	42,920	41,128	38,973
Accrued interest receivable	12,499	12,590	10,940
Other real estate	3,652	3,135	4,870
Goodwill	32,572	32,572	33,958
Other intangible assets	7,807	8,113	5,058
Other assets	44,132	37,830	44,853
Total assets	1,584,707	1,540,275	1,533,319
Non-interest bearing deposits	187,604	180,273	197,328
Interest bearing deposits	1,024,556	1,005,709	1,007,390
Total deposits	1,212,160	1,185,982	1,204,718
Federal funds and repurchase agreements	12,877	19,612	4,037
Other borrowings	186,762	166,400	160,877
Junior subordinated debt	30,928	30,928	30,928
Accrued interest payable	4,219	4,784	4,184
Other liabilities	5,141	4,503	8,075
Total liabilities	1,452,087	1,412,209	1,412,819
Noncontrolling interest in subsidiaries	19	19	21
Common stock, 9,061,080, 9,046,226 and 9,020,926
shares issued & outstanding	45,305	45,231	45,105
Additional paid-in capital	30,389	30,315	29,745
Nonvested restricted stock awards	507	375	230
Retained earnings	59,412	54,707	49,681
Accumulated other comprehensive income	(3,012)	(2,581)	(4,282)
Total equity	132,601	128,047	120,479
Total liabilities & equity	1,584,707	1,540,275	1,533,319