Kentucky First Federal Bancorp
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 14, 2024
KFFB$5.64-4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share data)
| December 31, | June 30, | |
|---|---|---|
| 2023 | 2023 | |
| ASSETS | ||
| Cash and due from financial institutions | $1,992 | $2,284 |
| Fed funds sold | 684 | 665 |
| Interest-bearing demand deposits | 11,908 | 5,218 |
| Cash and cash equivalents | 14,584 | 8,167 |
| Securities available-for-sale | 10,918 | 12,080 |
| Securities held-to-maturity, at amortized cost- approximate fair value of $223 and $259 at December 31, 2023 and June 30, 2023, respectively | 234 | 274 |
| Loans held for sale | 270 | – |
| Loans, net of allowance for credit loss of $2,132 and $1,634 at December 31, 2023 and June 30, 2023, respectively1 | 325,648 | 313,807 |
| Real estate owned, net | 10 | 70 |
| Premises and equipment, net | 4,361 | 4,435 |
| Federal Home Loan Bank stock, at cost | 4,243 | 4,623 |
| Accrued interest receivable | 1,078 | 902 |
| Bank-owned life insurance | 2,873 | 2,831 |
| Goodwill | 947 | 947 |
| Prepaid federal income taxes | 241 | 144 |
| Prepaid expenses and other assets | 840 | 742 |
| Total assets | $366,247 | $349,022 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Deposits | $244,629 | $226,309 |
| Federal Home Loan Bank advances | 71,008 | 70,087 |
| Advances by borrowers for taxes and insurance | 334 | 793 |
| Accrued interest payable | 167 | 70 |
| Accrued income taxes | – | – |
| Deferred income taxes | 216 | 513 |
| Other liabilities | 710 | 539 |
| Total liabilities | 317,064 | 298,311 |
| Commitments and contingencies | – | – |
| Shareholders’ equity | ||
| Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued and outstanding | – | – |
| Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued | 86 | 86 |
| Additional paid-in capital | 34,891 | 34,891 |
| Retained earnings | 18,509 | 20,130 |
| Unearned employee stock ownership plan (ESOP) | – | – |
| Treasury shares at cost, 509,349 common shares at December 31, 2023 and June 30, 2023, respectively | (3,969) | (3,969) |
| Accumulated other comprehensive income (loss) | (334) | (427) |
| Total shareholders’ equity | 49,183 | 50,711 |
| Total liabilities and shareholders’ equity | $366,247 | $349,022 |
| 1 | Beginning July 1, 2023 the ACL was estimated based on current expected credit loss methodology. Prior to July 1, 2023, the estimate was based on the incurred loss methodology. See additional discussion in Note 1, Basis of Presentation. |
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