Business

Kentucky Bank parent sets earnings record

Kentucky Bancshares, the Paris-based parent company of Kentucky Bank, announced this week that it achieved record earnings of $7 million, or $2.59 a share, in 2012. That's up 23 percent from earnings of $5.7 million, or $2.09 a share, in 2011.

For the fourth quarter, the company earned $1.9 million, or 71 cents a share, compared with $1.2 million, or 44 cents a share, in the fourth quarter of 2011.

The company's loan loss provision fell for both the fourth quarter and the year. It ended the fourth quarter at $450,000, down from $550,000 a year ago.

Kentucky Bank has offices in Cynthiana, Georgetown, Morehead, Nicholasville, Paris, Sandy Hook, Versailles, Wilmore and Winchester.

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