Consolidated Statements of Operations (USD $) In Thousands, except Per Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Interest income:
Interest and fees on loans	$ 15,281	$ 15,687	$ 30,656	$ 31,075
Interest on loans held for sale	27	46	68	124
Taxable investments	1,931	2,032	3,702	4,077
Tax-exempt investments	302	392	616	822
Federal funds sold	15	24	31	50
Interest bearing bank balances	46	41	98	86
Total interest income	17,602	18,222	35,171	36,234
Interest expense:
Deposits	3,523	4,971	7,370	10,161
Federal funds purchased and repurchase agreements	7	15	22	34
Other borrowings	509	846	1,033	1,912
Junior subordinated debt	292	492	750	988
Total interest expense	4,331	6,324	9,175	13,095
Net interest income	13,271	11,898	25,996	23,139
Provision for loan losses	2,280	2,380	4,860	4,660
Net interest income after provision for loan losses	10,991	9,518	21,136	18,479
Noninterest income:
Deposit account income	2,473	2,566	4,931	5,046
Mortgage banking income	323	469	679	812
Agency commission income	936	935	1,828	1,833
Trust and brokerage income	152	144	285	265
Bank owned life insurance income	176	170	359	340
Other income	396	388	1,052	1,177
Securities gains, net	341	708	1,690	1,712
Total investment other-than-temporary impairment losses	2	(96)	(238)	(368)
Portion of loss recognized in (reclassified from) other comprehensive income (before taxes)	(87)	(68)	(143)	2
Net investment impairment losses recognized	(85)	(164)	(381)	(366)
Total noninterest income	4,712	5,216	10,443	10,819
Noninterest expenses:
Salaries and employee benefits	7,157	6,893	14,113	13,718
Net occupancy expenses	951	977	1,940	1,946
Equipment expenses	451	654	916	1,305
Software and processing expenses	395	420	794	822
Telecommunication expenses	229	251	454	495
Marketing and business development expenses	272	226	477	468
Foreclosed property expenses	1,468	419	3,821	875
FDIC insurance assessments	577	839	1,351	1,685
Intangible asset amortization	107	107	214	213
Other expenses	2,696	2,556	5,034	5,224
Total noninterest expenses	14,303	13,342	29,114	26,751
Income before income taxes	1,400	1,392	2,465	2,547
Income tax expense	294	120	409	421
Net income	1,106	1,272	2,056	2,126
Net income attributable to noncontrolling interests				1
Net income attributable to First M&F Corporation	1,106	1,272	2,056	2,125
Dividends and accretion on preferred stock	440	439	872	876
Net income applicable to common stock	666	833	1,184	1,249
Net income allocated to common shareholders	$ 661	$ 826	$ 1,176	$ 1,239
Earnings per share:
Basic	$ 0.07	$ 0.09	$ 0.13	$ 0.14
Diluted	$ 0.07	$ 0.09	$ 0.13	$ 0.14