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
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EX-13 · Selected Financial Ratios and Other Data (1)
Selected Financial Ratios and Other Data (1)
| Year Ended June 30, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | 2021 | 2020 | |
| Performance Ratios: | |||||
| Return on average assets (net income (loss) divided by average total assets) | -0.47% | 0.28% | 0.47% | 0.55% | -3.80% |
| Return on average equity (net income (loss) divided by average equity) | -3.49% | 1.81% | 3.04% | 3.50% | -19.01% |
| Interest rate spread (combined weighted average interest rate earned less combined weighted average interest rate cost) | 1.49% | 2.48% | 2.68% | 3.00% | 2.82% |
| Net interest margin (net interest income divided by average interest-earning assets) | 1.98% | 2.73% | 2.81% | 3.14% | 3.05% |
| Ratio of average interest-earning assets to average interest-bearing liabilities | 118.66% | 120.50% | 122.95% | 120.39% | 119.57% |
| Ratio of total general administrative and other expenses to average total assets | 2.53% | 2.33% | 2.28% | 2.50% | 6.63% |
| Efficiency ratio 1 | 126.72% | 86.43% | 78.77% | 79.14% | 225.27% |
| Dividend payout ratio 2 | -38.99% | 146.09% | 87.67% | 76.26% | -11.06% |
| Asset Quality Ratios: | |||||
| Nonperforming loans as a percent of total loans at end of period 3 | 1.16% | 1.49% | 2.11% | 2.22% | 2.57% |
| Nonperforming assets as a percent of total assets at the end of period | 1.04% | 1.37% | 1.78% | 1.99% | 2.50% |
| Allowance for creddit losses as a percent of total loans at end of period | 0.63% | 0.52% | 0.55% | 0.54% | 0.52% |
| Allowance for credit losses as a percent of total nonperforming loans at end of period | 54.59% | 34.76% | 26.28% | 24.37% | 20.12% |
| Credit loss expense (benefit) to total loans | 0.01% | 0.04% | -0.02% | 0.06% | 0.04% |
| Net charge-offs to average loans outstanding | 0.01% | 0.00% | 0.01% | 0.02% | 0.03% |
| Capital Ratios: | |||||
| Average equity to average assets | 13.60% | 15.35% | 15.53% | 15.79% | 19.97% |
| Shareholders’ equity to total assets at end of period | 12.80% | 14.53% | 15.86% | 15.47% | 16.16% |
| Consolidated Regulatory Capital Ratios: | |||||
| Common equity Tier 1 | N/A | N/A | N/A | N/A | N/A |
| Tier 1 (core) capital to risk-weighted assets | N/A | N/A | N/A | N/A | N/A |
| Total capital to risk-weighted assets | N/A | N/A | N/A | N/A | N/A |
| Tier 1 leverage capital to average assets | N/A | N/A | N/A | N/A | N/A |
| Community Bank Leverage Ratio | 13.32% | 15.02% | 15.21% | 15.35% | 15.67% |
| Number of banking offices | 7 | 7 | 7 | 7 | 7 |
| 1 | Efficiency ratio represents the ratio of non-interest expenses divided by the sum of net interest income and total non-interest income. |
| 2 | Represents dividends paid as a percent of net (loss) earnings. Dividends paid does not include dividends waived by First Federal MHC. |
| 3 | Nonperforming loans consist of nonaccrual loans, accruing loans greater than 90 days delinquent, and restructured loans not performing according to their revised terms, while nonperforming assets consist of nonperforming loans and real estate acquired through foreclosure. |
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