Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

CKF Bancorp reports fall in Q1 net earnings

CKF Bancorp has reported that its consolidated net earnings for the first quarter ended March 31, 2008 were $150,283 compared to $257,824 earned in the corresponding quarter of 2007.

Diluted earnings per share for the period were $0.12 compared to $0.20 for the same period in 2007. Net interest income for the period was $961,572, a decrease from the net interest income of $1.07 million posted during the comparable period in 2007.

Total assets as at March 31, 2008 decreased to $148 million from $149.6 million as at December 31, 2007. Loans receivable as at March 31, 2008 were $124.4 million compared to $132.9 million as at December 31, 2007. Deposits for the same dates improved to $108.7 million from $106.9 million.