K
Kentucky First Federal Bancorp
KFFBCIK 0001297341NasdaqNon-AcceleratedSmaller ReportingSavings Institution, Federally CharteredFY ends Jun 30
Period
FY 2025
Revenue
—
Net Income
$181.0K
Total Assets
$371.21M
Equity
$48.37M
Shares Out
8.09M
Op. Cash Flow
$-86.0K
Business
Kentucky First Federal Bancorp operates as a mid‑tier savings and loan holding company that provides banking and financial services through its subsidiary savings institutions. The Company offers deposit products, one- to four-family residential mortgage loans (adjustable‑rate and fixed‑rate), home equity and consumer loans, construction, multi‑family and nonresidential real estate loans, mortgage servicing, and investment securities. Its operations are organized around its two primary bank divisions—First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky (including a Central Kentucky division). The Banks serve local customers through branch offices, direct lending, mortgage sales and servicing, brokered deposits and membership in the Federal Home Loan Bank system in their Kentucky market areas.
Summary from filing dated 2025-09-30
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Loans, including fees | 18 | 15 | 12 | 11 | 12 | |
| Mortgage-backed securities | 301,000 | 375,000 | 453,000 | 23,000 | 14,000 | |
| Interest-bearing deposits and other | 1 | 889,000 | 493,000 | — | — | |
| Total interest income | 19 | 16 | 13 | — | — | |
| Deposits | 8 | 6 | 2 | 1 | 2 | |
| Borrowings | 3 | 3 | 2 | 367,000 | 430,000 | |
| Total interest expense | 11 | 9 | 4 | — | — | |
| Net interest income | 8 | 7 | 9 | — | — | |
| Provision for credit losses | 39,000 | 24,000 | 113,000 | −60,000 | 192,000 | |
| Net interest income after provision for loan losses | 8 | 7 | 9 | 9 | 10 | |
| Earnings on bank-owned life insurance | 86,000 | 84,000 | 81,000 | 78,000 | 78,000 | |
| Net gains on sales of loans | 201,000 | 14,000 | — | — | — | |
| Other | 213,000 | 153,000 | 206,000 | — | — | |
| Total non-interest income | 500,000 | 251,000 | 302,000 | 515,000 | 595,000 | |
| Employee compensation and benefits | 5 | 5 | 5 | 5 | 5 | |
| Data processing | 674,000 | 517,000 | 518,000 | — | — | |
| Occupancy and equipment | 550,000 | 592,000 | 610,000 | — | — | |
| FDIC insurance premiums | 253,000 | 238,000 | 117,000 | 71,000 | 168,000 | |
| Voice and data communications | 136,000 | 122,000 | 124,000 | 545,000 | 647,000 | |
| Advertising | 186,000 | 167,000 | 151,000 | 135,000 | 153,000 | |
| Outside service fees | 511,000 | 451,000 | 242,000 | — | — | |
| Audit and accounting | 354,000 | 344,000 | 213,000 | 216,000 | 158,000 | |
| Franchise and other taxes | 132,000 | 108,000 | — | — | — | |
| Foreclosure and REO expense, net | 88,000 | 89,000 | 103,000 | 101,000 | 66,000 | |
| Regulatory Assessments | 97,000 | 66,000 | 81,000 | 103,000 | 102,000 | |
| Goodwill Impairment | — | 947,000 | — | — | — | |
| Other non-interest expense | 737,000 | 551,000 | 608,000 | — | — | |
| Total non-interest expense | 9 | 9 | 8 | 8 | 8 | |
| Income (loss) before income taxes | 238,000 | −2 | 1 | 2 | 2 | |
| Current | 207,000 | 50,000 | 528,000 | — | — | |
| Deferred | −150,000 | −289,000 | −234,000 | — | — | |
| Total income tax expense (benefit) | 57,000 | −239,000 | 294,000 | 477,000 | 352,000 | |
| NET INCOME (LOSS) | 181,000 | −2 | 933,000 | 2 | — | |
| Basic (in Dollars per share) | 0.02 | −0.21 | 0.11 | 0.19 | 0.22 | |
| Diluted (in Dollars per share) | 0.02 | −0.21 | 0.11 | 0.19 | 0.22 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Cash and due from financial institutions | 2 | 2 | 2 | 2 | 2 | |
| Fed funds sold | 9 | 703,000 | 665,000 | 15 | 5 | |
| Interest-bearing demand deposits | 9 | 16 | 5 | — | — | |
| Cash and cash equivalents | 19 | 18 | 8 | 26 | 22 | |
| Securities available-for-sale- at fair value | 10 | 10 | 12 | 10 | 33,000 | |
| Securities held-to-maturity, at amortized cost-approximate fair value of $167 and $203 at June 30, 2025 and 2024, respectively | 171,000 | 213,000 | 274,000 | — | — | |
| Loans held for sale | 877,000 | 110,000 | — | — | — | |
| Loans, net of allowance for credit losses of $2,170 and $2,127 at June 30, 2025 and 2024, respectively | 327 | 333 | — | — | — | |
| Real estate acquired through foreclosure | — | 10,000 | 70,000 | — | — | |
| Office premises and equipment - at depreciated cost | 4 | 4 | 4 | 5 | 5 | |
| Federal Home Loan Bank stock - at cost | 4 | 4 | 5 | 6 | 6 | |
| Accrued interest receivable | 1 | 1 | 902,000 | 649,000 | 694,000 | |
| Bank-owned life insurance | 3 | 3 | 3 | 3 | 3 | |
| Goodwill | — | — | 947,000 | 947,000 | 947,000 | |
| Prepaid income taxes | — | 219,000 | 144,000 | 382,000 | 40,000 | |
| Prepaid expenses and other assets | 1 | 875,000 | 742,000 | 907,000 | 834,000 | |
| Total assets | 371 | 375 | 349 | 328 | 338 | |
| Savings | 49 | 47 | 58 | — | — | |
| Certificates of deposit | 200 | 177 | 137 | 125 | — | |
| Demand deposit accounts | 29 | 32 | 31 | 40 | — | |
| Deposits | 278 | 256 | 226 | 240 | 227 | |
| Federal Home Loan Bank advances | 43 | 69 | 70 | 34 | 57 | |
| Advances by borrowers for taxes and insurance | 869,000 | 909,000 | 793,000 | 766,000 | 838,000 | |
| Accrued interest payable | 949,000 | 176,000 | 70,000 | 12,000 | 20,000 | |
| Accrued income taxes | 63,000 | — | — | — | — | |
| Deferred income taxes | 30,000 | 113,000 | 513,000 | 889,000 | 614,000 | |
| Other liabilities | 608,000 | 646,000 | 539,000 | 465,000 | 579,000 | |
| Total liabilities | 323 | 327 | 298 | 276 | 286 | |
| Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued | — | — | — | — | — | |
| Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued | 86,000 | 86,000 | 86,000 | 86,000 | 86,000 | |
| Additional paid-in capital | 35 | 35 | 35 | 35 | — | |
| Retained earnings - restricted | 18 | 17 | 20 | 21 | 20 | |
| Treasury shares at cost, 509,349 common shares at June 30, 2025 and 2024, respectively | −4 | −4 | −4 | −4 | −3 | |
| Accumulated other comprehensive loss | −145,000 | −336,000 | −427,000 | — | — | |
| Total shareholders equity | 48 | 48 | 51 | 52 | 52 | |
| Total liabilities and shareholders equity | 371 | 375 | 349 | 328 | 338 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Depreciation | 201,000 | 234,000 | 255,000 | 285,000 | 288,000 | |
| Accretion of purchased loan discount | −33,000 | −97,000 | −45,000 | — | — | |
| Amortization of discounts and premiums on investment securities, net | −20,000 | −25,000 | −29,000 | — | — | |
| Amortization of deferred loan origination fees | −34,000 | −6,000 | −17,000 | — | — | |
| Net gain on sale of loans | −201,000 | −14,000 | — | — | — | |
| Net (gain) loss on real estate owned | 3,000 | −8,000 | — | — | 2,000 | |
| Earnings on bank-owned life insurance | −86,000 | −84,000 | — | — | — | |
| Provision for credit losses | 39,000 | 24,000 | — | — | — | |
| Origination of loans held for sale | −8 | −892,000 | −157,000 | −5 | −10 | |
| Proceeds from loans held for sale | 7 | 796,000 | — | — | — | |
| Accrued income tax | 63,000 | — | — | — | — | |
| Accrued interest receivable | −269,000 | −267,000 | −253,000 | 45,000 | 136,000 | |
| Prepaid expenses and other assets | 43,000 | −208,000 | 232,000 | −415,000 | 213,000 | |
| Accrued interest payable | 773,000 | 106,000 | 58,000 | — | −7,000 | |
| Accounts payable and other liabilities | −30,000 | 50,000 | 74,000 | — | — | |
| Net cash used in operating activities | −86,000 | −1 | 1 | 3 | 2 | |
| Purchase of investments available for sale | −3 | — | −5 | −10 | — | |
| Purchase of FHLB stock | −342,000 | −2 | −472,000 | — | — | |
| Held to maturity | 39,000 | 57,000 | 61,000 | 118,000 | 129,000 | |
| Available for sale | 3 | 3 | 3 | 4,000 | 506,000 | |
| Proceeds from redemption of FHLB stock | 592,000 | 2 | 2 | — | — | |
| Loans originated for investment, net of principal collected | 6 | −20 | −39 | 24 | −12 | |
| Proceeds from sale of real estate owned | 7,000 | 68,000 | — | — | — | |
| Additions to premises and equipment, net | −149,000 | −66,000 | −127,000 | — | −101,000 | |
| Net cash provided (used) by investing activities | 6 | −17 | −39 | 13 | −9 | |
| Net increase in deposits | 21 | 30 | −14 | 13 | 15 | |
| Payments by borrowers for taxes and insurance, net | −40,000 | 116,000 | 27,000 | — | — | |
| Proceeds from Federal Home Loan Bank advances | 15 | 85 | 135 | — | — | |
| Repayments on Federal Home Loan Bank advances | −41 | −86 | −99 | −32 | −49 | |
| Dividends paid on common stock | — | −670,000 | −1 | −1 | −1 | |
| Net cash provided (used) by financing activities | −5 | 28 | 21 | −12 | 15 | |
| Net increase in cash and cash equivalents | 1 | 10 | −18 | 4 | 8 | |
| Income taxes | 15,000 | 125,000 | 290,000 | 550,000 | 475,000 | |
| Interest on deposits and borrowings | 11 | 9 | 4 | — | — |
Filings
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