Business

Danville-based bank reports loss

The parent company of Danville-based Central Kentucky Federal Savings Bank reported losses Thursday for the fourth quarter and full year 2008 due to increases in loan-loss reserves and write downs in the value of the common stock of the Federal Home Loan Mortgage Corp.

The fourth quarter loss was $203,812, or 16 cents a share, compared with a loss of $44,218, or 3 cents a share, for the same period a year earlier.

For 2008, CKF Bancorp lost $839,993, or 66 cents a share, compared with net earnings of $727,941, or 56 cents a share, for 2007. Without the write down, CKF would have earned $210,131, or 16 cents a share, for 2008.

CKF's stock trades over the counter as CKFB.

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