Kentucky Bancshares Inc., the Paris-based parent company of Kentucky Bank, reported a loss of $322,000, or 11 cents a share, for the fourth quarter of 2008, down substantially from a profit of $1.44 million, or 51 cents a share, in the same period in 2007.
The quarter included a number of significant actions, including contributing $2.2 million to its allowance for loan loss reserve.
Earnings for the full year totaled $3.71 million, or $1.33, down 44 percent from 2007.
Kentucky Bank has offices in Cynthiana, Georgetown, Morehead, Nicholasville, North Middletown, Paris, Sandy Hook, Versailles, Wilmore and Winchester.
The stock is listed as KTYB.OB.