Danville-based bank's earnings fall

The parent company of Danville-based Central Kentucky Federal Savings Bank reported net earnings this week of $140,174 for the first quarter. That's down from $150,283 for the same period a year ago.

Earnings per share were 11 cents in the quarter compared to 12 cents a year ago.

The company's total assets fell from $140.9 million at the end of 2008 to $138.2 million at the end of the quarter.

In other news, the company said it has completed the repurchase of about 3 percent of its outstanding shares as part of a repurchase plan announced in July. It also said it plans to buy back 5 percent of the remaining outstanding shares beginning Monday.

CKF is the parent company of Central Kentucky Federal Savings Bank in Danville and Lancaster.

Its stock trades over the counter as CKFB.OB.