CKF Bancorp, Inc. Announces Earnings for the Three Months Ended September 30, 2007.DANVILLE, Ky. -- CKF CKF Canadian Kendo Federation (Stouffville, Ontario, Canada) CKF Chronic Kidney Failure Bancorp, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CKFB), parent company of 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 earnings of $251,653 for the three months ended September 30, 2007 compared to $343,136 for the three months ended September 30, 2006. Diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of were $.19 for the three months ended September 30, 2007 compared to $.26 diluted earnings per share for the three months ended September 30, 2006. The decrease in net income for the three months ended September 30, 2007 compared to the same period one year earlier was largely due to a decrease in net interest income resulting from the continuation of an interest rate environment where short-term interest rates Short-term interest rates Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates. were as high as or higher than intermediate and long-term rates. Net income interest was $1,057,057 for the three months ended September 30, 2007 compared to $1,162,586 for the three months ended September 30, 2006. Consolidated net earnings for the nine months ending September 30, 2007 were $772,159 compared to $1,127,630 for the nine months ended September 30, 2006. Diluted earnings per share were $.59 for the nine months ended September 30, 2007 compared to $.84 diluted earnings per share for the nine months ended September 30, 2006. Total assets at September 30, 2007 were $153.5 million compared to $159.1 million at December 31, 2006. Loans receivable at September 30, 2007 were $135.9 million compared to $141.8 million at December 31, 2006. Deposits were $109.7 million at September 30, 2007 and were $110.0 million at December 31, 2006. 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 and a loan production office in Nicholasville, Kentucky. [TABLE OMITTED] [TABLE OMITTED] |
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