ECB Bancorp Inc. announced its results for the three and nine months ended Sept. 30.

For the three months ended Sept. 30, net income totaled $527,000, a 2.4 percent decrease from the $540,000 in net income for the three months ended Sept. 30, 2010. After adjusting for $267,000 in preferred stock dividends and the accretion of warrant discount, net income available to common shareholders for the three months ended Sept. 30 was $260,000 or $0.09 per basic and diluted share, a decrease of 4.8 percent compared to $273,000 or $0.10 per basic and diluted share for the three months ended Sept. 30, 2010.

For the nine months ended Sept. 30, net income was $588,000, a decrease of 70.4 percent compared to net income for the nine months ended Sept. 30, 2010, of $1,984,000. After adjusting for $797,000 in preferred stock dividends and accretion of warrant discount, net loss available to common shareholders for the nine months ended Sept. 30 was $209,000 or $0.07 per basic and diluted share, compared to net income available to common shareholders of $1,187,000 or $0.42 per basic and diluted share for the prior nine-month period.