Kentucky First Federal Bancorp
For the period ended Mar 31, 2024. Filed May 15, 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.
Mar 31, 2024 · Filed May 15, 2024
KFFB$5.78+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(643) | $891 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation | 178 | 195 |
| Accretion of purchased loan credit discount | (30) | (34) |
| Amortization of deferred loan origination costs (fees) | 2 | (19) |
| Amortization of premiums on investment securities | (18) | (22) |
| Net gain on sale of loans | (14) | (6) |
| Net loss (gain) on sale of real estate owned | (8) | – |
| Net gain on sale of property & equipment | – | (10) |
| ESOP compensation expense | – | 4 |
| Earnings on bank-owned life insurance | (63) | (60) |
| Provision for (recovery of) credit losses | (13) | 113 |
| Origination of loans held for sale | (512) | (157) |
| Proceeds from loans held for sale | 526 | 315 |
| Deferred income tax | (231) | – |
| Increase (decrease) in cash, due to changes in: | ||
| Accrued interest receivable | (324) | (238) |
| Prepaid expenses and other assets | (287) | (38) |
| Accrued interest payable | 80 | 36 |
| Other liabilities | 89 | – |
| Income taxes | – | 32 |
| Net cash provided by (used in) operating activities | (1,268) | 1,002 |
| Cash flows from investing activities: | ||
| Purchase of investments available for sale | – | (4,974) |
| Purchase of FHLB stock | (1,310) | (251) |
| Maturities of time deposits in other financial institutions | – | – |
| Securities maturities, prepayments and calls: | ||
| Held to maturity | 47 | 46 |
| Available for sale | 1,918 | 2,133 |
| Proceeds from redemption of FHLB stock | 1,405 | 2,061 |
| Loans originated for investment, net of principal collected | (14,780) | (32,497) |
| Proceeds from sale of property and equipment held for sale | – | 180 |
| Proceeds from REO | 68 | – |
| Proceeds from sale of real estate owned | – | – |
| Additions to premises and equipment, net | (60) | (122) |
| Net cash provided by (used in) investing activities | (12,712) | (33,424) |
| Cash flows from financing activities: | ||
| Net increase (decrease) in deposits | 19,796 | (30,466) |
| Payments by borrowers for taxes and insurance, net | (150) | (263) |
| Proceeds from Federal Home Loan Bank advances | 70,003 | 119,750 |
| Repayments on Federal Home Loan Bank advances | (67,742) | (72,917) |
| Treasury stock purchased | – | (394) |
| Dividends paid on common stock | (671) | (1,026) |
| Net cash provided by (used in) financing activities | 21,236 | 14,684 |
| Net increase (decrease) in cash and cash equivalents | 7,256 | (17,738) |
| Beginning cash and cash equivalents | 8,167 | 25,823 |
| Ending cash and cash equivalents | $15,423 | $8,085 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
| Nine months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes | $125 | $250 |
| Interest on deposits and borrowings | $6,662 | $2,265 |
| Transfers of loans to real estate owned, net | $– | $60 |
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