Farmers Capital Bank Corp. announced Tuesday that it earned $2.8 million, or 32 cents per share, for the quarter ending June 30. That reverses a loss of $801,000, or 17 cents per share, during the same period in 2009.
In a statement, the company said net interest income rose $874,000, or 6.5 percent, year-over-year because of a decrease in interest paid on deposits. Also, the company said its provision for loan losses increased fell $450,000, or 7.6 percent, compared to a year earlier.
Farmers Capital Bank operates 36 banking locations in 23 communities throughout Central and Northern Kentucky.
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