First M&F Corporation
Condensed Consolidated Statements of Condition (Unaudited)
(In thousands, except share data)
	June 30	December 31	June 30
	2006	2005	2005
Cash and due from banks	60,516	56,398	39,630
Interest bearing bank balances	9,848	3,021	4,515
Federal funds sold	11,100	3,700	11,450
Securities available for sale (cost of
$244,788, $186,242 and $193,899)	240,907	185,071	195,318
Loans held for sale	10,356	5,704	6,631
Loans	1,080,146	933,080	875,886
Allowance for loan losses	16,047	12,449	12,274
Net loans	1,064,099	920,631	863,612
Bank premises and equipment	38,973	28,922	28,300
Accrued interest receivable	10,940	9,101	7,991
Other real estate	4,932	3,042	2,643
Goodwill	33,871	16,348	16,348
Other intangible assets	5,058	358	386
Other assets	42,707	34,822	31,028
Total assets	1,533,307	1,267,118	1,207,852
Non-interest bearing deposits	197,328	164,189	135,974
Interest bearing deposits	1,007,390	809,482	818,373
Total deposits	1,204,718	973,671	954,347
Federal funds and repurchase agreements	4,037	18,062	14,741
Other borrowings	160,877	148,534	114,120
Junior subordinated debt	30,928	-	-
Accrued interest payable	4,184	2,717	1,944
Other liabilities	8,063	6,736	7,760
Total liabilities	1,412,807	1,149,720	1,092,912
Noncontrolling interest in subsidiaries	21	21	1
Common stock, 9,020,926, 8,990,318
and 8,980,318 shares issued & outstanding	45,105	44,952	44,902
Additional paid-in capital	29,745	29,391	29,159
Nonvested restricted stock awards	230	86	-
Retained earnings	49,681	45,531	41,536
Accumulated other comprehensive income	(4,282)	(2,583)	(658)
Total equity	120,479	117,377	114,939
Total liabilities & equity	1,533,307	1,267,118	1,207,852