CKF Bancorp, Inc. Announces Earnings for the
Three Months Ended March 31, 2010
April 16, 2010 09:59 AM Eastern Daylight Time
DANVILLE, Ky.--(EON: Enhanced Online News)--CKF Bancorp, Inc. (OTCBB:CKFB), parent company of
Central Kentucky Federal Savings Bank, reported consolidated net earnings of $103,905 for the three months
ended March 31, 2010 compared to $140,174 for the three months ended March 31, 2009. Diluted earnings per
share were $.08 for the three months ended March 31, 2010 compared to $.11 diluted earnings per share for the
three months ended March 31, 2009.
Total assets at March 31, 2010 were $131.0 million compared to $130.8 million at December 31, 2009. Loans
receivable at March 31, 2010 were $110.1 million compared to $110.5 million at December 31, 2009. Deposits
were $96.7 million at March 31, 2010 and were $95.5 million at December 31, 2009.
Central Kentucky Federal Savings Bank's main office is located at 340 W. Main Street, Danville, Kentucky. The
Bank also operates two full service branch offices, located in Danville and Lancaster, Kentucky.
CKF BANCORP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
March 31,
December 31,
ASSETS
2010
2009
Cash and cash equivalents
$2,839,251
$ 2,057,909
Investment securities
11,044,902
11,387,758
Federal Home Loan Bank stock
2,091,000
2,091,000
Loans receivable
110,109,709
110,461,589
Allowance for Loan Losses
(1,341,070 )
(1,354,740 )
Repossessed Real Estate
1,948,928
1,546,046
Other assets
4,334,238
4,562,047
Total assets
$131,026,958 $ 130,751,609
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
$96,685,148 $ 95,549,301
Advances from the Federal Home Loan Bank
20,000,000
21,000,000
Other liabilities
500,590
449,160
Total liabilities
117,185,738
116,998,461
Shareholders' equity
13,841,220
13,753,148
Total liabilities and shareholders' equity
$131,026,958 $ 130,751,609
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
Three months ended
March 31,
2010
2009
Total interest income
$1,689,865
$