Cherry Bread Delight

1/2 cup butter
3/4 cup granulated sugar
1/2 cup brown sugar, firmly packed
2 eggs
1/2 teaspoon vanilla extract
1/2 teaspoon almond extract
1 (16 ounce) can pitted dark sweet cherries
2 1/4 cups flour
1/2 teaspoon salt
1 teaspoon baking powder
1/4 cup confectioners' sugar

In a bowl cream butter, sugar and brown sugar. Add eggs, vanilla extract and almond extract; beat until fluffy. Drain cherries and reserve 1/4 cup syrup. Slice the cherries into fourths. Add cherries and the 1/4 cup syrup.

In a separate bowl, mix flour, salt and baking powder. Mix dry ingredients with cherry mixture. Pour batter into a greased loaf pan and bake at 350 degrees F for one hour on the lowest rack.

Let cool, then dust with confectioners' sugar.