Exhibit 99.1

April 29, 2016

Earnings Report

March 31, 2016

Dear Shareholders:

We are pleased to announce your company reached record total assets and enjoyed a 21% increase in net income compared to prior year. Total assets were $990.8 million compared to $855.2 million as of March 31, 2016 and 2015, respectively. Quarter to date net income was $1.84 million in the first quarter of 2016 compared to $1.52 million in the same period as prior year. Quarter to date diluted earnings per share was $0.61 in the first quarter of 2016 compared to $0.56 during the same period last year, reflecting a 9% increase.

The increase in total assets of $135.6 million or 16% from prior year reflects the merger with Madison Bank in July of 2015 as well as organic growth from our existing branches. Components of the change include an increase in net loans of $96.3 million or 18%, an increase in investment securities of $23.5 million or 10%, and an increase in total deposits of $111.1 million or 17%.

The increase in quarterly net income is primarily due to higher net interest income associated with loan and investment growth, and higher non-interest income due to higher gains on sale of loans and securities available for sale. These increases were partially offset by higher non-interest expense due to higher compensation expense associated with the additional full time employees, compared to prior year and higher tax expense due to higher gross income in 2016.

The national and statewide economies continue to improve but the global economy remains uncertain. Our industry continues to face challenges including narrowing interest rate spreads, heightened competition, and increased regulations. Political conditions in our state and nation are currently contentious and the outcome of certain races may result in additional regulation within our industry. This cumulative environment exerts continued potential downward pressure on revenues and upward pressure on costs.

Despite the challenges in our industry, we are pleased with the results of the first quarter of 2016 and believe we are well positioned for a strong year. As always, we will continue to explore opportunities for profitable growth and efficiency improvements to accomplish what is in the long term best interest of our shareholders, customers, and employees. As a recent example we launched our newest product this month, BusinessBoost. It is a business line of credit that is available exclusively online, which dramatically speeds up the time for approval and funding and will help our business customers meet their cash flow needs faster. Interested businesses can go to businessboost.kybank.com to apply. Like many of our other recent product and service offerings, it is directed toward providing Premier Customer Service.

Thank you for your continued support and we look forward to the remainder of the year.

UNAUDITED

CONSOLIDATED BALANCE SHEET

(in thousands)

CONSOLIDATED INCOME STATEMENT

(in thousands)