Kentucky Bank reports increase in third-quarter income, earnings

Kentucky Bank's net income increased from $1.37 million in the third quarter of 2013 to $1.72 million in the same quarter of 2014, the bank reported in a news release.

Quarterly earnings increased from 51 cents a share last year to 63 cents a share.

The bank attributed the increase to higher net interest income and lower income tax expense.

Total assets were $794.1 million on Sept. 30, 2014, up 7.1 percent from the same quarter of 2013. That was attributed to an increase in total loans.

Kentucky Bank is a regional holding company with 15 banking offices throughout Kentucky.