Kentucky First Federal Bancorp (NASDAQ: KFFB) is a savings institution holding company that operates two federal savings banks, First Federal of Hazard and First Federal of Kentucky, both headquartered in Kentucky. The company makes money primarily through interest income on real estate secured loans, with 99.3% of its loan portfolio collateralized by real estate as of June 30, 2025. One-to-four family residential mortgage loans totaled $275.3 million, representing 83.6% of the total loan portfolio as of June 30, 2025, all located in the Commonwealth of Kentucky. The company is majority-owned by First Federal MHC, a mutual holding company that has received Federal Reserve Board approval to waive quarterly dividends since 2012. KFFB suspended dividend payments to stockholders indefinitely as of January 16, 2024. Both subsidiary banks carry FDIC-insured deposits up to $250,000 per account owner and exceeded required regulatory capital levels as of June 30, 2025.

Revenue model

Interest income on real estate secured loans, primarily one-to-four family residential mortgages. Secondary income sources include growth in bank owned life insurance policy cash values recorded as other operating income. Deposits fund the loan portfolio.

Products and services

One-to-four family residential mortgage loans ($275.3 million, 83.6% of loan portfolio as of June 30, 2025). Real estate secured loans broadly (99.3% of loan portfolio as of June 30, 2025). FDIC-insured deposit accounts. Bank owned life insurance policies totaling $3.0 million at June 30, 2025, held at First Federal of Kentucky.

Customers and end markets

Retail borrowers in Kentucky seeking one-to-four family residential mortgage financing. Depositors in Kentucky served through branch offices of First Federal of Hazard and First Federal of Kentucky. End market is Kentucky residential real estate.

Value-chain role

Community savings institution originating and holding residential mortgage loans funded by retail deposits. Operates as a regulated insured depository institution under OCC oversight, paying semi-annual assessments totaling $97,000 during the fiscal year reported.

Geographic exposure

Exclusively Kentucky. All one-to-four family residential mortgage loans in the portfolio are located in the Commonwealth of Kentucky as of June 30, 2025. Branch offices include First Federal of Hazard main office at 655 Main Street, Hazard, Kentucky.

Source: SEC 10-K, filed 2025-09-30

Industry: Savings Institution, Federally Chartered Peers: Catalyst Bancorp Inc CFSB Bancorp, Inc. /MA/ First Seacoast Bancorp IF Bancorp, Inc. NSTS Bancorp Inc Rocket Companies Inc