Kentucky Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net income of $1.9 million compared to the same period in 2011, earnings was up 55.6% over the $1.2 million figure. Net interest income was $6 million compared to $6.1 million a year ago. Income before taxes was $2.4 million compared to $1.4 million a year ago. Return on average assets was 1.03% and return on average equity was 9.70% compared to return on average assets of 0.87% and return on average equity of 8.74% a year ago. Diluted earnings per share were $0.71 compared to $0.44 a year ago.

For the full year, the company had record earnings of $7.0 million. This represents a 23.2% increase over the year ended December 31, 2011 total of $5.7 million. The company's earnings increased from $2.09 per share on a fully diluted basis to $2.59, which is a 23.9% increase. Net interest income was $24.5 million compared to $24.3 million a year ago. Income before taxes was $8.7 million compared to $6.6 million a year ago. Return on average assets was 1.11% and return on average equity was 10.31% compared to return on average assets of 0.77% and return on average equity of 7.12% a year ago. Diluted earnings per share were $2.59 compared to $2.09 a year ago. Book value was $27.21 per share as on December 31, 2012 compared to $25.38 per share as on December 31, 2011.