Paris: Kentucky Bancshares Inc. announced a record year: Total assets and net income reached record highs. According to a news release from Kentucky Bancshares, total assets were $855.2 million as of Dec. 31, 2014, compared to $770.6 million as of Dec. 31, 2013, reflecting a growth rate of 11.0 percent.
Year-to-date net income was $7.1 million for the period ended Dec. 31, 2014, compared to $5.8 million for Dec. 31, 2013, reflecting an increase of 21.5 percent. The increases are attributed to increased growth through deeper mature-market penetration and new-market expansion in Fayette and Madison Counties, the company’s news release said.
Year-to-date diluted earnings per share increased 20.9 percent, to $2.60 from $2.15, during the same period last year, the news release said. Kentucky Bancshares Inc. is the parent company of Kentucky Bank.