Farmers Capital Bank reports net income increase for second quarter

Farmers Capital Bank Corp. of Frankfort reported Thursday that its second-quarter net income was $3.5 million, or 41 cents per common share.

That is an increase from $3.1 million in net income, or 36 cents per common share, for the same quarter in 2012, according to a news release.

Lloyd C. Hillard Jr., president and CEO of the company, said loan balances are down $13.2 million from the previous quarter, and repossessed real estate is down $2.7 million.

"Net loan charge-offs were relatively low, and the allowance for loan losses remains strong," Hillard said.