Danville bank's parent reports losses for quarter, profit for year

The parent company of Danville-based Central Kentucky Federal Savings Bank reported a loss this week for the fourth quarter but a profit overall for 2009.

The fourth-quarter loss was $130,844, or 10 cents a share, compared with a loss of $203,512, or 16 cents a share, for the same period a year earlier. The bank attributed the losses to provisions for loan losses.

For 2009, CKF Bancorp reported a profit of $130,605, or 11 cents a share, compared to a loss of $839,993, or 66 cents a share, in 2008. The 2008 earnings included a one-time after-tax loss of more than $1 million related to the bank's investment in stock of the Federal Home Loan Mortgage Corporation.

CKF's stock trades over the counter as CKFB.