Kentucky First Federal Bancorp
For the period ended Jun 30, 2024. Filed Oct 3, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Oct 3, 2024
KFFB$5.93+6.1%Stored close · as of Nov 6, 2026
Contents
EX-13 · Selected Financial Condition Data
Selected Financial Condition Data
| At June 30, | |||||
|---|---|---|---|---|---|
| (Dollars in thousands) | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total assets | $374,968 | $349,022 | $328,080 | $338,063 | $321,136 |
| Cash and cash equivalents | 18,287 | 8,167 | 25,823 | 21,648 | 13,702 |
| Time deposits | - | - | - | 247 | 2,229 |
| Securities held to maturity | 213 | 274 | 339 | 462 | 598 |
| Securities available for sale | 9,648 | 12,080 | 10,477 | 33 | 541 |
| Loans, net | 333,025 | 313,807 | 274,583 | 297,902 | 285,887 |
| Deposits | 256,139 | 226,309 | 239,857 | 226,843 | 212,273 |
| Federal Home Loan Bank advances | 68,988 | 70,087 | 34,066 | 56,873 | 54,715 |
| Shareholders’ equity | 47,997 | 50,711 | 52,025 | 52,296 | 51,911 |
| Allowance for credit losses | 2,127 | 1,634 | 1,529 | 1,622 | 1,488 |
| Nonperforming loans (90 days delinquent and nonaccrual) | 3,896 | 4,701 | 5,819 | 6,655 | 7,395 |
Selected Financial Condition Data
| Year Ended June 30, | |||||
|---|---|---|---|---|---|
| (Dollars in thousands, except share data) | 2024 | 2023 | 2022 | 2021 | 2020 |
| Total interest income | $16,277 | $12,758 | $10,914 | $12,152 | $12,823 |
| Total interest expense | 9,283 | 3,902 | 1,754 | 2,141 | 3,499 |
| Net interest income | 6,994 | 8,856 | 9,160 | 10,011 | 9,324 |
| Credit loss expense (benefit) | 24 | 113 | (60) | 192 | 103 |
| Net interest income after provision for losses on loans | 6,970 | 8,743 | 9,220 | 9,819 | 9,221 |
| Total non-interest income | 251 | 302 | 515 | 595 | 399 |
| Goodwill impairment | 947 | - | - | - | 13,560 |
| Total non-interest expenses | 8,234 | 7,818 | 7,668 | 8,242 | 8,343 |
| Income (loss) before income taxes | (1,960) | 1,227 | 2,067 | 2,172 | (12,283) |
| Income taxes (benefit) | (239) | 294 | 477 | 352 | 264 |
| Net income (loss) | $(1,721) | $933 | $1,590 | $1,820 | $(12,547) |
| Net earnings (loss) per share-basic and diluted | $(0.21) | $0.11 | $0.19 | $0.22 | $(1.52) |
| Cash dividends declared per common share | $0.20 | $0.40 | $0.40 | $0.40 | $0.40 |
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