Kentucky First Federal Bancorp
ffsbky.bankWhat Do They Do?
Offers deposit accounts and residential mortgages, plus other property-backed loans, to consumers, home buyers and businesses in Kentucky.
10-K for FY2026, filed Sep 28, 2026First Federal Savings and Loan Association of Hazard. First Federal of Hazard was formed as a federally chartered mutual savings and loan…View ↗
First Federal Savings Bank of Kentucky. First Federal of Kentucky is a federally chartered savings bank, which is primarily engaged in the…View ↗
General. Our loan portfolio consists primarily of one- to four-family residential mortgage loans. As opportunities arise, we also offer…View ↗
How Do They Make Money?
Borrowers pay interest on mortgage and other real-estate loans; account holders also pay fees for debit-card and ATM use, overdrafts and other account services, with deposit fees taken from their accounts when the service is provided.
10-K for FY2026, filed Sep 28, 2026General. Our loan portfolio consists primarily of one- to four-family residential mortgage loans. As opportunities arise, we also offer…View ↗
The retention of adjustable-rate loans in the portfolio helps reduce our exposure to increases in prevailing market interest rates.…View ↗
19. Revenue Recognition: The Company’s revenue-generating activities accounted for under Topic 606 includes primarily service charges and…View ↗
$12.8M
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10-K for FY2023, filed Sep 28, 2023
$12.8M ↗
Who Are Their Customers?
Local consumers and borrowers use the banks for deposits and real estate loans in their Kentucky market areas. First Federal of Hazard serves consumers from its office in Hazard.
10-K for FY2026, filed Sep 28, 2026First Federal Savings and Loan Association of Hazard. First Federal of Hazard was formed as a federally chartered mutual savings and loan…View ↗
First Federal Savings Bank of Kentucky. First Federal of Kentucky is a federally chartered savings bank, which is primarily engaged in the…View ↗
General. Our loan portfolio consists primarily of one- to four-family residential mortgage loans. As opportunities arise, we also offer…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2023 and turned 8 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 850.5x in 4 years, from $15K in FY2019 to $12.8M in FY2023, about 440% a year.
More loans to home builders
The older report described construction loans for individuals building homes for personal use or rent; the latest also says the banks have increased lending to borrowers building homes to sell.
10-K for FY2023, filed Sep 28, 2023 10-K for FY2026, filed Sep 28, 2026Construction Loans. We originate loans for a term of one year or less to individuals to finance the construction of residential dwellings…View ↗
Construction Loans. We originate loans for a term of one year or less to individuals to finance the construction of residential dwellings…View ↗
More fixed-rate loans for sale
The older report described mostly adjustable-rate mortgages; the latest says the banks are shifting from owner-occupied adjustable-rate loans toward fixed-rate mortgages sold on the secondary market.
10-K for FY2023, filed Sep 28, 2023 10-K for FY2026, filed Sep 28, 2026The retention of adjustable-rate loans in the portfolio helps reduce our exposure to increases in prevailing market interest rates.…View ↗
Who Do They Compete With?
Competes with Hazard Bancorp, Community Trust Bancorp, 1st Trust Bank, Boyle Bancorp, Wesbanco Bank, Traditional Bank, Commonwealth Credit Union, and Expree Credit Union
10-K for FY2026, filed Sep 28, 2026According to the Federal Deposit Insurance Corporation (“FDIC”), at June 30, 2026, the latest date for which data is available, First…View ↗
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