Kentucky First Federal Bancorp reported a total asset value of $362.4 million and stockholders' equity of $50.3 million as of June 30, 2026. The company experienced a net interest income increase of $2.8 million compared to the previous fiscal year, attributed to higher interest income and lower interest expenses. The net income for the fiscal year was $1.1 million, reflecting a decrease from $1.3 million in the prior year. The company’s total deposits reached $260.8 million, with a notable increase in brokered deposits amounting to $29.6 million, initiated in June 2023.
In terms of operational changes, Kentucky First Federal Bancorp has focused on enhancing its loan portfolio, which now includes $265.8 million in residential mortgage loans, representing 82.6% of the total loan portfolio. The company has shifted its strategy to increase the proportion of fixed-rate loans, aiming to reduce reliance on adjustable-rate loans, which constituted 92.1% of the residential mortgage loans. The company also reported a total of 57 full-time employees and two part-time employees, maintaining a stable workforce.
The company’s market presence remains concentrated in Kentucky, with First Federal of Hazard holding a 6.1% deposit market share in Perry County, while First Federal of Kentucky has a 9.9% share in its primary counties. The economic conditions in these areas, particularly in Perry County, have been challenging, with a median household income of $46,792, significantly lower than the state and national averages. The unemployment rate in Perry County was reported at 6.9%, higher than both the state and national averages, which may impact loan demand and overall financial performance.
Looking ahead, Kentucky First Federal Bancorp has resumed dividend payments, declaring a cash dividend of $0.05 per share payable on September 21, 2026, following a period of suspension. The company’s management remains cautious about future economic conditions, particularly the potential impact of rising interest rates on loan performance and borrower repayment capabilities. The company has also emphasized the importance of maintaining adequate liquidity, with $27.4 million in available liquidity as of June 30, 2026, to support its operations and growth strategies.
About Kentucky First Federal Bancorp
Kentucky First Federal Bancorp is a holding company for community-oriented savings banks in Kentucky, primarily engaged in residential mortgage lending, deposit gathering, and investment in mortgage-backed securities. Its subsidiaries operate in regional markets, offering mortgage, construction, and consumer loans. The company emphasizes local banking, regulatory compliance, and asset quality, serving individual consumers and small businesses in Kentucky’s central and eastern regions.
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