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$5.78+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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EX-13 · CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
| 2024 | 2023 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | $(1,721) | $933 |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
| Goodwill impairment | 947 | - |
| Depreciation | 234 | 255 |
| Accretion of purchased loan discount | (97) | (45) |
| Amortization of discounts and premiums on investment securities, net | (25) | (29) |
| Amortization of deferred loan origination costs (fees) | (6) | (17) |
| Net gain on sale of loans | (14) | (5) |
| Net gain on real estate owned | (8) | - |
| ESOP compensation expense | - | 4 |
| Net gain on sale of property & equipment | - | (10) |
| Earnings on bank-owned life insurance | (84) | (81) |
| Provision for credit losses | 24 | 113 |
| Origination of loans held for sale | (892) | (157) |
| Proceeds from loans held for sale | 796 | 314 |
| Deferred income tax | (289) | (234) |
| Changes in: | ||
| Accrued interest receivable | (267) | (253) |
| Prepaid expenses and other assets | (208) | 232 |
| Accrued interest payable | 106 | 58 |
| Accounts payable and other liabilities | 50 | 74 |
| Net cash provided (used) by operating activities | (1,454) | 1,152 |
| Cash flows from investing activities: | ||
| Purchase of investments available for sale | - | (4,974) |
| Purchase of FHLB stock | (1,519) | (472) |
| Investment securities maturities, prepayments and calls: | ||
| Held to maturity | 57 | 61 |
| Available for sale | 2,582 | 2,836 |
| Proceeds from redemption of FHLB stock | 1,912 | 2,347 |
| Proceeds from sale of property & equipment | - | 180 |
| Loans originated for investment, net of principal collected | (19,637) | (39,335) |
| Proceeds from sale of real estate owned | 68 | - |
| Additions to premises and equipment, net | (66) | (127) |
| Net cash used in investing activities | (16,603) | (39,484) |
| Cash flows from financing activities: | ||
| Net increase (decrease) in deposits | 29,830 | (13,548) |
| Payments by borrowers for taxes and insurance, net | 116 | 27 |
| Proceeds from Federal Home Loan Bank advances | 84,878 | 135,300 |
| Repayments on Federal Home Loan Bank advances | (85,977) | (99,279) |
| Treasury stock purchases | - | (461) |
| Dividends paid on common stock | (670) | (1,363) |
| Net cash provided by financing activities | 28,177 | 20,676 |
| Net increase (decrease) in cash and cash equivalents | 10,120 | (17,656) |
| Beginning cash and cash equivalents | 8,167 | 25,823 |
| Ending cash and cash equivalents | $18,287 | $8,167 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.