Farmers Capital Bank Corp. announced this week that it earned $3.31 million, or 38 cents a share, for the quarter ending March 31. That's up from earnings of $1.05 million, or 8 cents a share, in the same period in 2011.
The company saw improvement in its non-performing loans, which were $79 million at quarter's end. That's down from $94.3 million a year ago.
The company's provision for loan losses also fell to $977,000 from $2.44 million a year ago.
"While the overall results for the current quarter are an improvement over recent quarters, the significant challenge of managing our non-performing assets continues to exist," said chief executive Lloyd Hillard Jr. in a statement.
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Farmers Capital Bank operates 36 banking locations in 23 communities in Central and Northern Kentucky.