Limestone Bancorp (LMST) 8-K Porter Bancorp Reports 3rd Quarter 2017 Net Income of $1.7 million or $0.29 per Diluted Share

Exhibit 99.1

Porter Bancorp Reports 3rd Quarter 2017 Net Income of $1.7 million or $0.29 per Diluted Share

LOUISVILLE, Ky.--(BUSINESS WIRE)--October 25, 2017--Porter Bancorp, Inc. (NASDAQ: PBIB) (“the Company”), parent company of PBI Bank, today reported unaudited results for the third quarter of 2017. Net income available to common shareholders for the third quarter of 2017 was $1.7 million, or $0.29 per basic and diluted common share, compared with $1.3 million, or $0.22 per basic and diluted share, for the third quarter of 2016. Net income available to common shareholders for the nine months ended September 30, 2017, was $5.1 million, or $0.83 per diluted common share, compared with net income available to common shareholders of $3.8 million, or $0.66 per diluted share, for the nine months ended September 30, 2016.

The $5.1 million in net income for the first nine months of 2017 compares favorably to net income of $3.8 million for the 2016 period. Core earnings for the nine months ended September 30, 2017, outperformed the same period in 2016. The first nine months of 2016 benefitted from $1.9 million in negative loan loss provisioning, $451,000 of other real estate owned income, and $187,000 in gains on securities sales and calls.

Deferred Tax Asset Valuation Allowance – The Company has a net deferred tax asset of $51.9 million subject to a full valuation allowance at September 30, 2017. Our ability to utilize deferred tax assets depends upon generating sufficient future levels of taxable income. The determination to restore a deferred tax asset and eliminate a valuation allowance depends upon the evaluation of both positive and negative evidence regarding the likelihood of achieving sufficient future taxable income levels. A key element of the evaluation is the achievement of pre-tax net income rather than pre-tax net loss on a cumulative basis for the trailing three-year period. At September 30, 2017, our trailing three-year cumulative pre-tax net loss has declined to $762,000. We continue to monitor and evaluate the positive and negative evidence and will reverse the valuation allowance when we determine it is more-likely-than-not the asset will be utilized to reduce future taxes payable related to the future taxable income of the Company.

Net Interest Income – Net interest income before provision expense increased to $7.8 million for the third quarter of 2017, compared with $7.5 million in the third quarter of 2016. Average loans increased to $669.6 million for the 2017 quarter, compared with $626.1 million in the 2016 quarter. Net interest margin decreased to 3.44% in the 2017 quarter, compared with 3.47% in the 2016 quarter.

Our yield on earning assets increased to 4.16% in the third quarter of 2017, compared to 4.15% in the third quarter of 2016. Our cost of interest bearing liabilities was 0.85% in the 2017 quarter, compared to 0.78% in the 2016 quarter.

Loan Loss Provision and Allowance for Loan Losses – There was no provision for loan losses during the first nine months of 2017. Ongoing improvements in asset quality and management’s assessment of risk in the loan portfolio led to negative provisions for loan losses of $750,000 for the third quarter of 2016 and $1.9 million for the first nine months of 2016.

The allowance for loan losses to total loans was 1.32% at September 30, 2017, compared to 1.53% at September 30, 2016. The reduced level of the allowance in 2017 compared to 2016 was primarily driven by declining charge-off levels, growth in the portfolio, and improving trends in credit quality. Net loan recoveries were $10,000 for the first nine months of 2017, compared to net loan charge-offs of $652,000 for the first nine months of 2016. The allowance for loan losses for loans evaluated collectively for impairment was 1.27% at September 30, 2017, and 1.51% at September 30, 2016.

Non-performing Assets – Non-performing assets, which include loans past due 90 days and still accruing, nonaccrual loans and other real estate owned (“OREO”), decreased to $12.1 million, or 1.26% of total assets at September 30, 2017, compared with $12.8 million, or 1.34% of total assets at June 30, 2017, and $17.2 million, or 1.88% of total assets at September 30, 2016.

Non-performing loans decreased to $5.8 million, or 0.85% of total loans at September 30, 2017, compared with $6.5 million, or 0.99% of total loans at June 30, 2017, and $10.1 million, or 1.62% of total loans at September 30, 2016. The decrease from the previous quarter was primarily driven by $1.1 million in principal payments received on nonaccrual loans. OREO at September 30, 2017, remained unchanged at $6.3 million, compared with June 30, 2017, and decreased from $7.1 million at September 30, 2016. The Company acquired $130,000 in OREO and sold $30,000 in OREO during the third quarter of 2017. There were $98,000 in fair value write-downs arising from lower marketing prices or new appraisals in the first nine months of 2017, compared with $970,000 in the first nine months of 2016.

The following table details past due loans and non-performing assets as of the dates shown.

		September 30, 2017		June 30, 2017	March 31, 2017		December 31, 2016		September 30, 2016
	(in thousands)
Past due loans:
30 – 59 days	$	872	$	1,328	$	972	$	2,302	$	2,335
60 – 89 days		612		765		289		315		273
90 days or more		—		—		—		—		—
Nonaccrual loans		5,769		6,509		8,102		9,216		10,099
Total past due and nonaccrual loans	$	7,253	$	8,602	$	9,363	$	11,833	$	12,707
Loans past due 90 days or more	$	—	$	—	$	—	$	—	$	—
Nonaccrual loans		5,769		6,509		8,102		9,216		10,099
OREO		6,330		6,318		6,571		6,821		7,098
Other repossessed assets		—		—		—		—		—
Total non-performing Assets	$	12,099	$	12,827	$	14,673	$	16,037	$	17,197

In addition to nonaccrual loans and OREO, loans classified as Troubled Debt Restructures (TDRs) and on accrual totaled $1.2 million at both September 30, 2017 and June 30, 2017, compared to $6.1 million at September 30, 2016.

Non-interest Income – Non-interest income for the third quarter of 2017 increased $77,000 to $1.2 million compared with $1.1 million for the third quarter of 2016. The increase from the third quarter of 2016 was primarily due to a $48,000 increase in service charges on deposit accounts as well as an increase in bank card interchange fees of $31,000.

Non-interest Expense – Non-interest expense decreased $745,000 to $7.2 million for the third quarter of 2017, compared with $7.9 million for the third quarter of 2016. The decrease from the 2016 quarter was primarily due to a reduction in salaries and employee benefits of approximately $262,000, a reduction of OREO expense of $211,000, and a reduction of litigation and loan collection expenses of $144,000.

Non-interest expense decreased $2.6 million to $21.3 million for the first nine months of 2017, compared with $23.9 million for the same period in 2016. The decrease from the first nine months of 2016 was primarily due to reductions in OREO expense of $1.2 million, professional fees of $475,000, litigation and loan collection expenses of $454,000, and FDIC insurance expense of $403,000.

Capital – At September 30, 2017, PBI Bank’s Tier 1 leverage ratio was 7.73%, compared with 7.54% at June 30, 2017, and its Total risk-based capital ratio was 11.10% at September 30, 2017, compared with 11.50% at June 30, 2017.

At September 30, 2017, Porter Bancorp’s leverage ratio was 5.85%, compared with 5.65% at June 30, 2017, and its Total risk-based capital ratio was 10.05%, compared with 10.44% at June 30, 2017. At September 30, 2017, PBI Bank’s Common equity Tier I risk-based capital ratio was 9.66%, and Porter Bancorp’s Common equity Tier I risk-based capital ratio was 5.49%.

Deferred Tax Assets and Liabilities – The Company has a net deferred tax asset of $51.9 million at September 30, 2017, which is currently subject to a 100% valuation allowance. Deferred tax assets and liabilities are shown below.

	September 30,			December 31,
	2017			2016
	(in thousands)
Deferred tax assets:
Net operating loss carry-forward	$	43,515		$	42,094
Allowance for loan losses		3,142			3,139
Other real estate owned write-down		3,401			3,366
Other		3,253			7,607
		53,311			56,206
Deferred tax liabilities:
FHLB stock dividends		928			928
Other		481			1,229
		1,409			2,157
Net deferred tax assets before valuation allowance		51,902			54,049
Valuation allowance		(51,902	)		(54,049	)
Net deferred tax asset	$	—		$	—

Our ability to utilize deferred tax assets depends upon generating sufficient future levels of taxable income. The determination to restore a deferred tax asset and eliminate a valuation allowance depends upon the evaluation of both positive and negative evidence regarding the likelihood of achieving sufficient future taxable income levels. We established a valuation allowance for all deferred tax assets as of December 31, 2011, and the valuation allowance remains in effect as of September 30, 2017.

Under Section 382 of the Internal Revenue Code, as amended (“Section 382”), the Company’s net operating loss carryforwards (“NOLs”) and other deferred tax assets can generally be used to offset future taxable income and therefore reduce federal income tax obligations. However, the Company's ability to use its NOLs would be limited if there was an “ownership change” as defined by Section 382. This would occur if shareholders owning (or deemed to own under the tax rules) 5% or more of the Company's voting and non-voting common shares increase their aggregate ownership of the Company by more than 50 percentage points over a defined period of time.

In 2015, the Company took two measures to preserve the value of its NOLs. First, we adopted a tax benefits preservation plan designed to reduce the likelihood of an “ownership change” occurring as a result of purchases and sales of the Company's common shares. Any shareholder or group that acquires beneficial ownership of 5% or more of the Company (an “acquiring person”) could be subject to significant dilution in its holdings if the Company's Board of Directors does not approve such acquisition. Existing shareholders holding 5% or more of the Company will not be considered acquiring persons unless they acquire additional shares, subject to certain exceptions described in the plan. In addition, the Board of Directors has the discretion to exempt certain transactions and certain persons whose acquisition of securities is determined by the Board not to jeopardize the Company's deferred tax assets. The rights will expire upon the earlier of (i) June 29, 2018, (ii) the beginning of a taxable year with respect to which the Board of Directors determines that no tax benefits may be carried forward, (iii) the repeal or amendment of Section 382 or any successor statute, if the Board of Directors determines that the plan is no longer needed to preserve the tax benefits, and (iv) certain other events as described in the plan.

On September 23, 2015, our shareholders approved an amendment to the Company’s articles of incorporation to further help protect the long-term value of the Company’s NOLs. The amendment provides a means to block transfers of our common shares that could result in an ownership change under Section 382. The transfer restrictions will expire on the earlier of (i) September 23, 2018, (ii) the beginning of a taxable year with respect to which the Board of Directors determines that no tax benefit may be carried forward, (iii) the repeal of Section 382 or any successor statute if our Board determines that the transfer restrictions are no longer needed to preserve the tax benefits of our NOLs, or (iv) such date as the Board otherwise determines that the transfer restrictions are no longer necessary.

Forward-Looking Statements

Statements in this press release relating to Porter Bancorp’s plans, objectives, expectations or future performance are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “should,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “possible,” “seek,” “plan,” “strive” or similar words, or negatives of these words, identify forward-looking statements. These forward-looking statements are based on management’s current expectations. Porter Bancorp’s actual results in future periods may differ materially from those indicated by forward-looking statements due to various risks and uncertainties, including our ability to reduce our level of higher risk loans such as commercial real estate and real estate development loans, reduce our level of non-performing loans and other real estate owned, and increase net interest income in a low interest rate environment, as well as our need to increase capital. These and other risks and uncertainties are described in greater detail under “Risk Factors” in the Company’s Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission. The forward-looking statements in this press release are made as of the date of the release and Porter Bancorp does not assume any responsibility to update these statements.

Additional Information

Unaudited supplemental financial information for the third quarter ending September 30, 2017, follows.

PORTER BANCORP, INC. Unaudited Financial Information (in thousands, except share and per share data)
	Three		Three			Three			Nine			Nine
	Months		Months			Months			Months			Months
	Ended		Ended			Ended			Ended			Ended
	9/30/17		6/30/17			9/30/16			9/30/17			9/30/16
Income Statement Data
Interest income	$	9,446	$	9,134		$	8,931		$	27,805		$	26,821
Interest expense		1,659		1,546			1,473			4,689			4,516
Net interest income		7,787		7,588			7,458			23,116			22,305
Provision (negative provision) for loan losses		—		—			(750	)		—			(1,900	)
Net interest income after provision		7,787		7,588			8,208			23,116			24,205
Service charges on deposit accounts		568		548			520			1,617			1,422
Bank card interchange fees		245		255			214			713			637
Other real estate owned income		—		—			46			—			451
Bank owned life insurance income		103		104			101			309			316
Gain (loss) on sales and calls of securities, net		—		(5	)		(16	)		(5	)		187
Other		266		205			240			723			635
Non-interest income		1,182		1,107			1,105			3,357			3,648
Salaries & employee benefits		3,683		3,803			3,945			11,433			11,624
Occupancy and equipment		836		844			842			2,501			2,504
Professional fees		232		241			374			776			1,251
Marketing expense		364		262			289			880			706
FDIC insurance		356		357			442			1,055			1,458
Data processing expense		321		318			295			931			887
State franchise and deposit tax		225		225			255			675			765
Other real estate owned expense		111		(3	)		322			92			1,284
Litigation and loan collection expense		78		40			222			121			575
Other		969		899			934			2,826			2,893
Non-interest expense		7,175		6,986			7,920			21,290			23,947
Income before income taxes		1,794		1,709			1,393			5,183			3,906
Income tax expense		—		—			—			—			21
Net income		1,794		1,709			1,393			5,183			3,885
Less:
Earnings allocated to participating securities		45		42			46			133			129
Net income available to common	$	1,749	$	1,667		$	1,347		$	5,050		$	3,756
Weighted average shares – Basic		6,102,452		6,096,981			6,016,216			6,084,593			5,702,205
Weighted average shares – Diluted		6,102,452		6,096,981			6,016,216			6,084,593			5,702,205
Basic earnings per common share	$	0.29	$	0.27		$	0.22		$	0.83		$	0.66
Diluted earnings per common share	$	0.29	$	0.27		$	0.22		$	0.83		$	0.66
Cash dividends declared per common share	$	0.00	$	0.00		$	0.00		$	0.00		$	0.00

PORTER BANCORP, INC. Unaudited Financial Information (in thousands, except share and per share data)
	Three			Three			Three			Nine			Nine
	Months			Months			Months			Months			Months
	Ended			Ended			Ended			Ended			Ended
	9/30/17			6/30/17			9/30/16			9/30/17			9/30/16
Average Balance Sheet Data
Assets	$	951,687		$	941,982		$	917,625		$	943,813		$	930,288
Loans		669,592			654,801			626,095			657,980			621,824
Earning assets		907,723			899,393			864,307			899,859			874,185
Deposits		870,623			870,138			839,926			864,835			854,580
Long-term debt and advances		36,046			29,759			27,270			33,921			27,649
Interest bearing liabilities		777,597			773,301			748,585			772,824			764,852
Stockholders’ equity		39,159			37,018			42,170			36,656			38,324
Performance Ratios
Return on average assets		0.75	%		0.73	%		0.60	%		0.73	%		0.56	%
Return on average equity		18.18			18.52			13.14			18.90			13.54
Yield on average earning assets (tax equivalent)		4.16			4.11			4.15			4.17			4.14
Cost of interest bearing liabilities		0.85			0.80			0.78			0.81			0.79
Net interest margin (tax equivalent)		3.44			3.42			3.47			3.47			3.45
Efficiency ratio		80.00			80.30			92.32			80.41			92.94
Loan Charge-off Data
Loans charged-off	$	(67	)	$	(307	)	$	(405	)	$	(700	)	$	(2,082	)
Recoveries		159			226			540			710			1,430
Net recoveries (charge-offs)	$	92		$	(81	)	$	135		$	10		$	(652	)
Nonaccrual Loan Activity
Nonaccrual loans at beginning of period	$	6,509		$	8,102		$	11,599		$	9,216		$	14,087
Net principal pay-downs		(1,068	)		(1,944	)		(592	)		(4,464	)		(4,035	)
Charge-offs		(57	)		(242	)		(303	)		(528	)		(1,291	)
Loans foreclosed and transferred to OREO		(130	)		(40	)		(667	)		(270	)		(1,243	)
Loans returned to accrual status		—			(63	)		(402	)		(199	)		(751	)
Loans placed on nonaccrual during the period		515			696			464			2,014			3,332
Nonaccrual loans at end of period	$	5,769		$	6,509		$	10,099		$	5,769		$	10,099
Troubled Debt Restructurings (TDRs)
Accruing	$	1,226		$	1,235		$	6,114		$	1,226		$	6,114
Nonaccrual		1,932			1,967			3,379			1,932			3,379
Total	$	3,158		$	3,202		$	9,493		$	3,158		$	9,493
Other Real Estate Owned (OREO) Activity
OREO at beginning of period	$	6,318		$	6,571		$	12,322		$	6,821		$	19,214
Real estate acquired		130			40			667			270			1,243
Valuation adjustment write-downs		(98	)		—			(320	)		(98	)		(970	)
Proceeds from sales of properties		(30	)		(320	)		(5,623	)		(738	)		(12,610	)
Gain (loss) on sales, net		10			27			52			75			221
OREO at end of period	$	6,330		$	6,318		$	7,098		$	6,330		$	7,098

PORTER BANCORP, INC. Unaudited Financial Information (in thousands, except share and per share data)
	As of
	9/30/17			6/30/17			3/31/17			12/31/16			9/30/16
Assets
Loans	$	682,511		$	654,938		$	664,183		$	639,236		$	621,697
Allowance for loan losses		(8,977	)		(8,885	)		(8,966	)		(8,967	)		(9,489	)
Net loans		673,534			646,053			655,217			630,269			612,208
Loans held for sale		—			—			—			—			134
Securities held to maturity		41,424			41,635			41,752			41,818			41,883
Securities available for sale		149,797			154,993			156,001			152,790			142,433
Federal funds sold & interest bearing deposits		37,812			51,413			32,329			56,867			57,578
Cash and due from financial institutions		9,557			9,297			5,456			9,449			6,266
Premises and equipment		16,975			17,164			17,687			17,848			18,481
Bank owned life insurance		15,131			15,033			14,935			14,838			14,741
FHLB Stock		7,323			7,323			7,323			7,323			7,323
Other real estate owned		6,330			6,318			6,571			6,821			7,098
Accrued interest receivable and other assets		5,082			5,228			5,083			7,154			7,135
Total Assets	$	962,965		$	954,457		$	942,354		$	945,177		$	915,280
Liabilities and Equity
Certificates of deposit	$	445,577		$	458,068		$	470,029		$	444,639		$	454,742
Interest checking		94,523			97,169			104,811			103,876			88,386
Money market		156,905			153,700			122,434			142,497			140,995
Savings		35,946			36,363			36,380			34,518			33,816
Total interest bearing deposits		732,951			745,300			733,654			725,530			717,939
Demand deposits		133,896			129,518			127,049			124,395			119,005
Total deposits		866,847			874,818			860,703			849,925			836,944
FHLB advances		16,847			2,158			17,313			22,458			2,619
Junior subordinated debentures		23,475			23,700			23,925			24,150			24,375
Senior debt		10,000			10,000			—			—			—
Accrued interest payable and other liabilities		5,728			5,388			4,908			15,911			7,721
Total liabilities		922,897			916,064			906,849			912,444			871,659
Preferred stockholders’ equity		2,771			2,771			2,771			2,771			2,771
Common stockholders’ equity		37,297			35,622			32,734			29,962			40,850
Total stockholders’ equity		40,068			38,393			35,505			32,733			43,621
Total Liabilities and Stockholders’ Equity	$	962,965		$	954,457		$	942,354		$	945,177		$	915,280
Ending shares outstanding		6,259,864			6,259,864			6,247,520			6,224,533			6,222,994
Book value per common share	$	5.96		$	5.69		$	5.24		$	4.81		$	6.56
Tangible book value per common share		5.96			5.69			5.23			4.79			6.53

PORTER BANCORP, INC. Unaudited Financial Information (in thousands, except share and per share data)
	As of
	9/30/17			6/30/17			3/31/17			12/31/16			9/30/16
Asset Quality Data
Loan 90 days or more past due still on accrual	$	—		$	—		$	—		$	—		$	—
Nonaccrual loans		5,769			6,509			8,102			9,216			10,099
Total non-performing loans		5,769			6,509			8,102			9,216			10,099
Real estate acquired through foreclosures		6,330			6,318			6,571			6,821			7,098
Other repossessed assets		—			—			—			—			—
Total non-performing assets	$	12,099		$	12,827		$	14,673		$	16,037		$	17,197
Non-performing loans to total loans		0.85	%		0.99	%		1.22	%		1.44	%		1.62	%
Non-performing assets to total assets		1.26			1.34			1.56			1.70			1.88
Allowance for loan losses to non-performing loans		155.61			136.50			110.66			97.30			93.96
Allowance for loans evaluated individually	$	425		$	254		$	332		$	399		$	339
Loans evaluated individually for impairment		7,509			8,273			9,891			15,131			16,214
Allowance as % of loans evaluated individually		5.66	%		3.07	%		3.36	%		2.64	%		2.09	%
Allowance for loans evaluated collectively	$	8,552		$	8,631		$	8,634		$	8,568		$	9,150
Loans evaluated collectively for impairment		675,002			646,665			654,292			624,105			605,483
Allowance as % of loans evaluated collectively		1.27	%		1.33	%		1.32	%		1.37	%		1.51	%
Allowance for loan losses to total loans		1.32	%		1.36	%		1.35	%		1.40	%		1.53	%
Loans by Risk Category
Pass	$	633,203		$	610,356		$	617,361		$	586,430		$	551,075
Watch		35,167			29,433			26,442			30,431			46,049
Special Mention		598			604			492			497			603
Substandard		13,543			14,545			19,888			21,878			23,970
Doubtful		—			—			—			—			—
Total	$	682,511		$	654,938		$	664,183		$	639,236		$	621,697
Risk-based Capital Ratios - Company
Tier I leverage ratio		5.85	%		5.65	%		5.43	%		5.27	%		6.21	%
Common equity Tier I risk-based capital ratio		5.49			5.58			5.29			5.20			6.37
Tier I risk-based capital ratio		7.31			7.46			7.09			6.99			8.48
Total risk-based capital ratio		10.05			10.44			10.15			10.21			11.57
Risk-based Capital Ratios – PBI Bank
Tier I leverage ratio		7.73	%		7.54	%		6.37	%		6.24	%		6.97	%
Common equity Tier I risk-based capital ratio		9.66			9.97			8.33			8.28			9.53
Tier I risk-based capital ratio		9.66			9.97			8.33			8.28			9.53
Total risk-based capital ratio		11.10			11.50			9.89			9.88			11.18
FTE employees		217			221			230			238			233

Non-GAAP Financial Measures Reconciliation

Tangible book value per common share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible book value per common share by excluding the balance of intangible assets from common stockholders’ equity. We calculate tangible book value per common share by dividing tangible common equity by common shares outstanding, as compared to book value per common share, which we calculate by dividing common stockholders’ equity by common shares outstanding. We believe this is consistent with bank regulatory agency treatment, which excludes tangible assets from the calculation of risk-based capital.

The efficiency ratio is a non-GAAP measure of expense control relative to revenue from net interest income and fee income. We calculate the efficiency ratio by dividing total non-interest expenses as determined under GAAP by net interest income and total non-interest income, but excluding net gains on the sale of securities from the calculation. We believe this provides a reasonable measure of primary banking expenses relative to primary banking revenue.

	As of
	9/30/17			6/30/17			3/31/17				12/31/16		9/30/16
Tangible Book Value Per Share	(in thousands, except share and per share data)
Common stockholder’s equity	$	37,297		$	35,622		$	32,734		$	29,962		$	40,850
Less: Intangible assets		—			—			42			140			239
Tangible common equity		37,297			35,622			32,692			29,822			40,611
Shares outstanding		6,259,864			6,259,864			6,247,520			6,224,533			6,222,994
Tangible book value per common share	$	5.96		$	5.69		$	5.23		$	4.79		$	6.53
Book value per common share		5.96			5.69			5.24			4.81			6.56
	Three Months Ended									Nine Months Ended
	9/30/17			6/30/17			9/30/16			9/30/17			9/30/16
Efficiency Ratio	(in thousands)
Net interest income	$	7,787		$	7,588		$	7,458		$	23,116		$	22,305
Non-interest income		1,182			1,107			1,105			3,357			3,648
Less: Net gain (loss) on securities		—			(5	)		(16	)		(5	)		187
Revenue used for efficiency ratio		8,969			8,700			8,579			26,478			25,766
Non-interest expense		7,175			6,986			7,920			21,290			23,947
Efficiency ratio		80.00	%		80.30	%		92.32	%		80.41	%		92.94	%

CONTACT:
Porter Bancorp, Inc.
John T. Taylor, 502-499-4800
Chief Executive Officer