CKF Bancorp, Inc. Announces Earnings for the Third Quarter Ended September 30, 2001.Business Editors DANVILLE, Ky.--(BUSINESS WIRE)--Oct. 23, 2001 CKF CKF Canadian Kendo Federation (Stouffville, Ontario, Canada) CKF Chronic Kidney Failure Bancorp, Inc. (CKFB)(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CKFB) parent company for Central Kentucky Central Kentucky is sometimes considered the Central and Southern part of the Bluegrass region, the Far Upper Western Eastern Mountain Coal Fields, and the Far Upper Eastern Pennyroyal regions. Its major cities include Lexington and Frankfort. Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , reported consolidated net income for the quarter ended September 30, 2001, of $286,697 or 45 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the weighted average common share and 44 cents per share for the weighted average common share - assuming dilution. This represents a 59.4 percent increase over consolidated net income for the third quarter of 2000, which was $179,844 or 27 cents per share for both the weighted average common shares outstanding and weighted average common shares outstanding - assuming dilution. The consolidated net income for the nine-month period ending September 30, 2001, was $774,196 or $1.21 per share for the weighted average common share and $1.20 per share for the weighted average common share - assuming dilution. This represents a 31.2 percent increase over the consolidated net income for the nine-month period ended September 30, 2000, which was $590,270 or 88 cents per share for both the weighted average common shares outstanding and the weighted average common shares outstanding - assuming dilution. Total assets at September 30, 2001, were $142.2 million compared to $78.1 million at December 31, 2000. Deposits were $114.3 million at September 30, 2001, compared to $54.5 million at December 31, 2000. Loans were $123.8 million at September 30, 2001, compared to $70.4 million at December 31, 2000. Stockholders equity was $12.6 million or $19.57 per common shared based on 641,784 common shares outstanding at September 30, 2001. CKF Bancorp Inc., completed the acquisition of First Lancaster Bancshares, on May 31, 2001. The above information includes the consolidated net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. acquired in that transaction. |
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