Business briefs

Submitted, Published:

Longtime caregiver wins award

Independent Healthcare Properties and Morning Pointe Senior Living recently awarded Latrice Hubbard, a certified nursing assistant with Morning Pointe of Frankfort, with the Exceeding Expectations Award for 2013.

Hubbard received the associate honor for the Northern region.

“Latrice’s knowledge, professionalism and willingness to provide exceptional care and customer service makes her the perfect candidate for this special award,” said Greg A. Vital, president and CEO of the companies. “What Morning Pointe provides to each and every resident every single day would not be possible if it weren’t for associates like Latrice and we are very grateful to have her on our Morning Pointe team.”

Hubbard has been a CNA at Morning Pointe of Frankfort for 10 years and comes from a family of nurses and caregivers. She received the award at the company’s annual corporate Christmas party in Chattanooga, Tenn. In addition to the recognition, Hubbard also received a plaque and $500.

“Winning the Exceeding Expectations award was an honor,” Hubbard said. “I never thought doing what I loved would come with great success. Morning Pointe is like being part of a family — it feels like home.”

Farmers announces 4th quarter earnings

Farmers Capital Bank reported net income of $3.1 million or 35 cents per common share and $13.4 million or $1.54 per common share, respectively, for the fourth quarter and twelve months ended Dec. 31.

Net income for the current quarter increased $37,000 — or 1.2 percent — compared with the linked quarter, which represents 1 cent per common share. 

Current quarter net income is up $470,000 or 18.1 percent when compared to the fourth quarter of the prior year, representing an increase of 7 cents per common share. In the 12-month comparison, net income is up $1.3 million or 10.7 percent, totaling an increase of 17 cents on a per-common-share basis. 

“We continue cultivating new lending relationships and strive to provide extraordinary service to existing customers,” said Lloyd C. Hillard Jr., president and chief executive officer of the company

“However, competing lenders at times are willing to offer what we consider unrealistic loan terms in order to lure away some good customers … We are not willing to lower our credit underwriting standards to that degree.” 

The company received written notification last week from the Federal Deposit Insurance Corp. and the Kentucky Department of Financial Institutions that the formal consent order entered into during 2011 with United Bank and Trust Co., a subsidiary of the company, has been terminated and replaced with a stepped-down enforcement action in the form of an informal memorandum of understanding.

Want to leave your comments?

Sign in or Register to comment.