Kentucky First Federal Bancorp
For the period ended Jun 30, 2024. Filed Oct 3, 2024.
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FY2024 · Filed Oct 3, 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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EX-13 · CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from financial institutions | $1,913 | $2,284 |
| Fed funds sold | 703 | 665 |
| Interest-bearing demand deposits | 15,671 | 5,218 |
| Cash and cash equivalents | 18,287 | 8,167 |
| Securities available-for-sale- at fair value | 9,648 | 12,080 |
| Securities held-to-maturity, at amortized cost-approximate fair value of $203 and $259 at June 30, 2024 and 2023, respectively | 213 | 274 |
| Loans held for sale | 110 | - |
| Loans, net of allowance for credit losses of $2,127 and $1,634 at June 30, 2024 and 2023, respectively1 | 333,025 | 313,807 |
| Real estate acquired through foreclosure | 10 | 70 |
| Office premises and equipment - at depreciated cost | 4,267 | 4,435 |
| Federal Home Loan Bank stock - at cost | 4,230 | 4,623 |
| Accrued interest receivable | 1,169 | 902 |
| Bank-owned life insurance | 2,915 | 2,831 |
| Goodwill | - | 947 |
| Prepaid income taxes | 219 | 144 |
| Prepaid expenses and other assets | 875 | 742 |
| Total assets | $374,968 | $349,022 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Savings | $47,390 | $57,593 |
| Certificates of deposit | 176,572 | 137,315 |
| Demand deposit accounts | 32,177 | 31,401 |
| Deposits | 256,139 | 226,309 |
| Federal Home Loan Bank advances | 68,988 | 70,087 |
| Advances by borrowers for taxes and insurance | 909 | 793 |
| Accrued interest payable | 176 | 70 |
| Deferred income taxes | 113 | 513 |
| Other liabilities | 646 | 539 |
| Total liabilities | 326,971 | 298,311 |
| Shareholders’ equity | ||
| 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 | 86 |
| Additional paid-in capital | 34,891 | 34,891 |
| Retained earnings - restricted | 17,325 | 20,130 |
| Treasury shares at cost, 509,349 common shares at June 30, 2024 and 2023, respectively | (3,969) | (3,969) |
| Accumulated other comprehensive loss | (336) | (427) |
| Total shareholders’ equity | 47,997 | 50,711 |
| Total liabilities and shareholders’ equity | $374,968 | $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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