ECB Bancorp Inc. announces its results for the three and six months ending June 30.

For the three months ended June 30, net income totaled $1,145,000, a 19.6 percent increase from the $957,000 in net income for the three months ended June 30, 2010. After adjusting for $265,000 in preferred stock dividends and the accretion of warrant discount, net income available to common shareholders for the three months ended June 30 was $880,000 or $0.31 per diluted share, an increase of 29.2 percent compared to $692,000 or $0.24 per diluted share for the three months ended June 30, 2010.

For the six months ended June 30, net income was $61,000, which compares to net income for the six months ended June 30, 2010, of $1,444,000. After adjusting for $530,000 in preferred stock dividends and accretion of warrant discount, loss charged to common shareholders for the six months ended June 30, was $469,000 or $0.16 per basic and diluted share, compared to income available to common shareholders of $0.32 per basic and diluted share for the prior year period.