Kentucky First Federal Bancorp (KFFB) 10-K 28 Sep 16 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Sep. 18, 2016	Dec. 31, 2015
Document Information [Line Items]
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Type	10-K
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	Kentucky First Federal Bancorp
Entity Central Index Key	1,297,341
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 29.9
Trading Symbol	KFFB
Entity Common Stock, Shares Outstanding		8,439,515

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
ASSETS
Cash and due from financial institutions	$ 4,297	$ 3,864
Interest-bearing demand deposits	8,811	9,771
Cash and cash equivalents	13,108	13,635
Time deposits in other financial institutions	3,711	0
Securities available for sale	134	159
Securities held-to-maturity, at amortized cost- approximate fair value of $4,151 and $6,534 at June 30, 2016 and 2015, respectively	4,079	6,423
Loans held for sale	0	100
Loans, net of allowance of $1,515 and $1,568 at June 30, 2016 and 2015, respectively	238,468	243,815
Real estate owned, net	527	1,593
Premises and equipment, net	6,022	5,235
Federal Home Loan Bank stock, at cost	6,482	6,482
Accrued interest receivable	710	725
Bank-owned life insurance	3,064	2,971
Goodwill	14,507	14,507
Prepaid federal income taxes	93	0
Prepaid expenses and other assets	966	653
Total assets	291,871	296,298
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	188,572	199,701
Federal Home Loan Bank advances	33,211	26,635
Advances by borrowers for taxes and insurance	741	699
Accrued interest payable	22	32
Accrued federal income taxes	0	78
Deferred federal income taxes	642	569
Deferred revenue	595	610
Other liabilities	573	661
Total liabilities	224,356	228,985
Commitments and contingencies
Shareholders’ equity
Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued and outstanding	0	0
Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued	86	86
Additional paid-in capital	34,639	34,638
Retained earnings	34,732	34,711
Unearned employee stock ownership plan (ESOP)	(1,036)	(1,223)
Treasury shares at cost, 112,563 common shares at June 30, 2016 and 2015	(937)	(937)
Accumulated other comprehensive income	31	38
Total shareholders’ equity	67,515	67,313
Total liabilities and shareholders’ equity	$ 291,871	$ 296,298

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Held-to-maturity securities, fair value (in dollars)	$ 4,151	$ 6,534
Loans and leases receivable, allowance (in dollars)	$ 1,515	$ 1,568
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	8,596,064	8,596,064
Treasury stock, shares	112,563	112,563

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Interest income
Loans, including fees	$ 11,254	$ 11,996
Mortgage-backed securities	94	110
Other securities	18	25
Interest-bearing deposits and other	268	258
Total interest income	11,634	12,389
Interest expense
Deposits	1,058	1,190
Borrowings	302	238
Total interest expense	1,360	1,428
Net interest income	10,274	10,961
Provision for loan losses	15	343
Net interest income after provision for loan losses	10,259	10,618
Non-interest income
Net gains on sales of loans	51	28
Earnings on bank-owned life insurance	93	93
Net gain on sales of REO	120	207
Valuation adjustment for REO	(151)	(87)
Other	274	273
Total non-interest income	387	514
Non-interest expense
Employee compensation and benefits	5,319	4,859
Occupancy and equipment	669	610
Legal fees	145	94
Outside service fees	75	198
Data processing	397	429
Audit and accounting	276	252
FDIC insurance premiums	215	230
Franchise and other taxes	247	261
Foreclosure and REO expense, net	95	180
Other	1,111	929
Total non-interest expense	8,549	8,042
Income before income taxes	2,097	3,090
Federal income tax expense
Current	524	646
Deferred	72	375
Total federal income taxes	596	1,021
NET INCOME	$ 1,501	$ 2,069
EARNINGS PER SHARE
Basic and diluted (in dollars per share)	$ 0.18	$ 0.25

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 1,501	$ 2,069
Other comprehensive income (loss), net of tax-related effects:
Unrealized holding gains (losses) on securities available for sale during the year, net of tax benefit of $4 and $16 in 2016 and 2015, respectively	(7)	(32)
Comprehensive income	$ 1,494	$ 2,037

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Parenthetical] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Tax portion of unrealized holding gains (losses) on securities designated as available for sale	$ 4	$ 16

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated other comprehensive income [Member]	Unearned employee stock ownership plan (ESOP) [Member]
Balance at Jun. 30, 2014	$ 67,205	$ 86	$ 34,671	$ 34,027	$ (239)	$ 70	$ (1,410)
Net income	2,069	0	0	2,069	0	0	0
Allocation of ESOP shares	154	0	(33)	0	0	0	187
Acquisition of 84,677 shares for Treasury	(698)	0	0	0	(698)	0	0
Unrealized gains on securities designated as available for sale, net of related tax effects	(32)	0	0	0	0	(32)	0
Cash dividends of $0.40 per common share	(1,385)	0	0	(1,385)	0	0	0
Balance at Jun. 30, 2015	67,313	86	34,638	34,711	(937)	38	(1,223)
Net income	1,501	0	0	1,501	0	0	0
Allocation of ESOP shares	188	0	1	0	0	0	187
Unrealized gains on securities designated as available for sale, net of related tax effects	(7)	0	0	0	0	(7)	0
Cash dividends of $0.40 per common share	(1,480)	0	0	(1,480)	0	0	0
Balance at Jun. 30, 2016	$ 67,515	$ 86	$ 34,639	$ 34,732	$ (937)	$ 31	$ (1,036)

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Parenthetical] - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Common Stock, Dividends, Per Share, Cash Paid	$ 0.40	$ 0.40
Treasury Stock, Shares, Acquired		84,677

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 1,501	$ 2,069
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	321	278
Accretion of purchased loan discount	(164)	(310)
Amortization of purchased loan premium	17	18
Amortization of discounts and premiums on investment securities, net	80	148
Amortization (accretion) of deferred loan origination costs (fees)	39	55
Accretion of premiums on deposits	(84)	(212)
Net gain on sale of loans	(51)	(28)
Valuation adjustment of REO	151	87
Net gain on real estate owned	(120)	(186)
Deferred gain on sale of real estate owned	(15)	(21)
ESOP compensation expense	188	154
Earnings on bank-owned life insurance	(93)	(93)
Provision for loan losses	15	343
Origination of loans held for sale	(1,231)	(699)
Proceeds from loans held for sale	1,382	627
Increase (decrease) in cash, due to changes in:
Accrued interest receivable	15	166
Prepaid expenses and other assets	(313)	(22)
Accrued interest payable	(10)	0
Accounts payable and other liabilities	(88)	42
Federal income tax (benefit)
Current	(171)	305
Deferred	77	375
Net cash provided by operating activities	1,446	3,096
Cash flows from investing activities:
Purchase of investment securities held to maturity	(11,000)	(8,500)
Purchase of term deposits in other financial institutions	(3,711)	0
Investment securities maturities, prepayments and calls:
Held to maturity	13,264	10,947
Available for sale	14	40
Loans originated for investment, net of principal collected	5,739	1,388
Proceeds from sale of real estate owned	888	1,831
Additions to real estate owned	(152)	0
Additions to premises and equipment, net	(1,108)	(884)
Net cash provided by investing activities	3,934	4,822
Cash flows from financing activities:
Net change in deposits	(11,045)	(13,229)
Payments by borrowers for taxes and insurance, net	42	83
Proceeds from Federal Home Loan Bank advances	33,200	23,800
Repayments on Federal Home Loan Bank advances	(26,624)	(14,365)
Treasury stock repurchases	0	(698)
Dividends paid on common stock	(1,480)	(1,385)
Net cash used in financing activities	(5,907)	(5,794)
Net increase (decrease) in cash and cash equivalents	(527)	2,124
Beginning cash and cash equivalents	13,635	11,511
Ending cash and cash equivalents	13,108	13,635
Supplemental disclosure of cash flow information:
Cash paid during the period for: Federal income taxes	710	330
Cash paid during the period for: Interest on deposits and borrowings	1,454	1,640
Supplemental disclosure of noncash investing activities:
Transfers from loans to real estate acquired through foreclosure	442	2,123
Loans disbursed upon sales of real estate acquired through foreclosure	$ 741	$ 643

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Kentucky First Federal Bancorp (the “Company”) is a savings and loan holding company whose activities are primarily limited to holding the stock and managing the operations of First Federal Savings and Loan Association of Hazard, Kentucky (“First Federal of Hazard”) and Frankfort First Bancorp, Inc., (“Frankfort First”) the holding company for First Federal Savings Bank of Kentucky (“First Federal of Kentucky”). First Federal of Hazard and First Federal of Kentucky are collectively referred to herein as “the Banks.” First Federal of Hazard is a community-oriented savings and loan association dedicated to serving consumers in Perry and surrounding counties in eastern Kentucky, while First Federal of Kentucky operates through six banking offices located in Frankfort, Danville and Lancaster, Kentucky. Both institutions engage primarily in the business of attracting deposits from the general public and applying those funds to the origination of loans for residential and consumer purposes. First Federal of Kentucky also originates, to a lesser extent, church loans, home equity and other loans. Other than a predominance of one- to four-family residential property, which is common in most thrifts, there are no significant concentrations of loans to any one industry or customer. However, the customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the Banks’ specific operating areas. The Banks’ profitability is significantly dependent on net interest income, which is the difference between interest income generated from interest-earning assets (i.e. loans and investments) and the interest expense paid on interest-bearing liabilities (i.e. customer deposits and borrowed funds). Net interest income is affected by the relative amount of interest-earning assets and interest-bearing liabilities and the interest received or paid on these balances. The level of interest rates paid or received by the Banks can be significantly influenced by a number of environmental factors, such as governmental monetary policy, that are outside of management’s control. The following is a summary of the Company’s significant accounting policies which have been consistently applied in the preparation of the accompanying consolidated financial statements. Principles of Consolidation Use of Estimates Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. Loans All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans held for sale and Mortgage Servicing Rights 100,000 In selling loans, the Company utilizes a program with the Federal Home Loan Bank, retaining servicing on loans sold. Mortgage servicing rights on originated loans that have been sold are initially recorded at fair value. Capitalized servicing rights are amortized in proportion to and over the period of estimated servicing revenues. The Company recorded amortization related to mortgage servicing rights totaling $ 12,000 14,000 94,000 96,000 The Company was servicing mortgage loans of approximately $ 11.7 11.9 1.2 12.0 Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. Changes in valuation allowances are reported with other non-interest income on the income statement. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Servicing fee income which is reported on the income statement as other non-interest income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Servicing fees totaled $ 21,000 20,000 Allowance for Loan Losses The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired or loans otherwise classified as substandard or doubtful. The general component covers all loans and is based on historical loss experience adjusted for current factors. In consultation with regulators, the Company considers a time frame of two years when estimating the appropriate level of allowance for loan losses. This period may be shortened or extended based on anticipated trends in the banks or in the banks’ markets. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent eight quarters. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; changes in lending policies, procedures and practices; experience, ability and depth of lending management and other relevant staff; economic trends and conditions; industry conditions; and effects of changes in credit concentrations. Our portfolio segments include residential real estate, nonresidential real estate and land, loans on deposits and consumer and other loans. Risk factors associated with our portfolio segments are as follows: Residential Real Estate Our primary lending activity is the origination of mortgage loans, which enable a borrower to purchase or refinance existing homes in the Banks’ respective market areas. We further classify our residential real estate loans as one- to four-family (owner-occupied vs nonowner-occupied), multi-family or construction. We believe that our first mortgage position on loans secured by residential real estate presents lower risk than our other loans, with the exception of loans on deposits. We offer a mix of adjustable-rate and fixed-rate mortgage loans with terms up to 30 95 90 We offer loans on one- to four-family rental properties at a maximum of 80 We also originate loans to individuals to finance the construction of residential dwellings for personal use or for use as rental property. We occasionally lend to builders for construction of speculative or custom residential properties for resale, but on a limited basis. Construction loans are generally less than one year in length, do not exceed 80 Multi-family and Nonresidential Loans We offer mortgage loans secured by residential multi-family (five or more units), and nonresidential real estate. Nonresidential real estate loans are comprised generally of commercial office buildings, churches and properties used for other purposes. Generally, these loans are originated for 25 80 Consumer lending Our consumer loans include home equity lines of credit, loans secured by savings deposits, automobile loans, and unsecured loans. Home equity loans are generally second mortgage loans subordinate only to first mortgages also held by the bank and do not exceed 80% of the estimated value of the property. We do offer home equity loans up to 90 90 The Banks choose the most appropriate method for accounting for impaired loans. For secured loans, which make up the vast majority of the loans in the banks’ portfolio, this method involves determining the fair value of the collateral, reduced by estimated selling costs. Where appropriate, the Banks would account for impaired loans by determining the present value of expected future cash flows discounted at the loan’s effective interest rate. A loan is considered impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Although most of our loans are secured by collateral, we rely heavily on the capacity of our borrowers to generate sufficient cash flow to service their debt. As a result, our loans do not become collateral-dependent until there is deterioration in the borrower’s cash flow and financial condition, which makes it necessary for us to look to the collateral for our sole source of repayment. Collateral-dependent loans which are more than ninety days delinquent are considered to constitute more than a minimum delay in repayment and are evaluated for impairment under the policy at that time. We utilize updated independent appraisals to determine fair value for collateral-dependent loans, adjusted for estimated selling costs, in determining our specific reserve. In some situations management does not secure an updated independent appraisal. These situations may involve small loan amounts or loans that, in management’s opinion, have an abnormally low loan-to-value ratio. With respect to the Banks’ investment in troubled debt restructurings, multi-family and nonresidential loans, and the evaluation of impairment thereof, such loans are nonhomogenous and, as such, may be deemed to be collateral-dependent when they become more than ninety days delinquent. We obtain updated independent appraisals in these situations or when we suspect that the previous appraisal may no longer be reflective of the property’s current fair value. This process varies from loan to loan, borrower to borrower, and also varies based on the nature of the collateral. Federal Home Loan Bank Stock Real Estate Owned Premises and Equipment Income Taxes A tax provision is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters as income tax expense. Kentucky First Federal Bancorp and Frankfort First Bancorp, Inc., each are subject to state income taxes in the Commonwealth of Kentucky. Neither of the Banks are subject to state income tax in the Commonwealth. With few exceptions, the Company is no longer subject to U.S. federal, state and local tax examinations by tax authorities for years before 2013. Retirement and Employee Benefit Plans 163.1 190.8 5 558,000 227,000 93.8 101.4 The Company also maintains a nonqualified deferred compensation plan for the benefit of certain directors, which is closed to any future deferrals. The expense incurred for the deferred compensation was $ 4,000 15,000 61,000 177,000 The Company maintains an Employee Stock Ownership Plan (“ESOP”) which provides retirement benefits for substantially all full-time employees who have completed one year of service and have attained the age of 21. Annual contributions are made to the ESOP equal to the ESOP’s debt service less dividends received by the ESOP on unallocated shares. Shares in the ESOP were acquired using funds provided by a loan from the Company and, accordingly, the cost of those shares is shown as a reduction of stockholders’ equity. Shares are released to participants proportionately as the loan is repaid. Dividends on allocated shares are recorded as dividends and charged to retained earnings. Dividends on unallocated shares are used to repay loan principal and accrued interest. Compensation expense is recorded equal to the fair value of shares committed to be released during a given fiscal year. Allocation of shares to the ESOP participants is contingent upon the repayment of a loan to Kentucky First Federal Bancorp totaling $ 1.4 1.6 188,000 154,000 98,588 73,266 280,000 For the fiscal year ended 2016 2015 Allocated shares 125,411 132,058 Shares committed to be released 9,338 9,338 Unearned shares 103,636 122,311 Total ESOP shares 238,385 263,707 Fair value of unearned shares at $ 850 $ 1,025 The Company maintains a 401(k) plan for the benefit of all full-time employees. No employer contributions have been made to the 401(k) plan. Share-Based Compensation Plans No compensation cost was charged against income for those share-based plans for the fiscal years ended June 30, 2016, or 2015 and, consequently, there was no income tax benefit recognized for either of the fiscal years then ended. The EIP provides for grants of up to 421,216 At June 30, 2016, there were no options outstanding. Weighted- Aggregate average Intrinsic exercise Value Shares price ($000) Outstanding at beginning of year 325,800 $ 10.10 Granted - - Exercised - - Expired/Forfeited 325,800 10.10 Outstanding at end of year - - $ - Options exercisable at end of year - - $ - As of June 30, 2016 and 2015, there was no unrecognized compensation cost related to nonvested stock options granted under the Plan. The Plan expired in December 2015 and no further awards may be made thereunder. For the years ended and as of June 30, 2016 and 2015, there were no grants, forfeitures or nonvested shares and no unrecognized compensation cost related to the restricted stock awards. Earnings Per Share (in thousands) 2016 2015 Net income allocated to common shareholders, basic and diluted $ 1,501 $ 2,069 2016 2015 Basic Weighted-average common shares outstanding 8,324,195 8,348,785 Diluted Weighted-average common shares outstanding (diluted) 8,324,195 8,348,785 Basic earnings per share is computed based upon the weighted-average shares outstanding during the year (which excludes treasury shares) less average shares in the ESOP that are unallocated and not committed to be released. For fiscal years 2016 and 2015 all options were antidilutive, as the exercise price was greater than the average market price of the common stock. Fair Value of Assets and Liabilities Level 1 Level 2 Level 3 Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying balance sheet, as well as the general classification of such instruments pursuant to the valuation hierarchy. Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2016 Agency mortgage-backed: residential $ 81 $ — $ 81 $ — FHLMC stock 53 — 53 — $ 134 $ — $ 134 $ — 2015 Agency mortgage-backed: residential $ 96 $ — $ 96 $ — FHLMC stock 63 — 63 — $ 159 $ — $ 159 $ — There were no transfers between levels 1 and 2. Impaired Loans The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent independent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Independent appraisals for collateral-dependent loans are updated periodically (usually every 12-24 months depending on the size of the loan and the loan-to-value ratio). Real Estate Owned Real estate properties acquired through or instead of loan foreclosure are initially recorded as real estate owned (“REO”) at fair value, less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments were $ 151,000 87,000 Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2016 Other real estate owned, net One- to four-family $ 274 - - $ 274 Land 79 - - 79 2015 Other real estate owned, net One- to four-family $ 525 - - $ 525 Land 15 - - 15 At June 30, 2016 and 2015, there were no impaired loans with a valuation allowance. Other real estate owned measured at fair value less costs to sell, had a carrying amount of $ 353,000 540,000 Range Fair Value Valuation Unobservable (Weighted June 30, 2016 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 274 Sales comparison approach Adjustments for differences between comparable sales -24.0% to 15.2% (-5.1%) Land 79 Sales comparison approach Adjustments for differences between comparable sales 3.5% to 6.6% (5.0%) Range Fair Value Valuation Unobservable (Weighted June 30, 2015 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 525 Sales comparison approach Adjustments for differences between comparable sales 1.5% to 11.7% (2.9%) Land 15 Sales comparison approach Adjustments for differences between comparable sales 20.2% to 38.9% (20.8%) The following disclosure of the fair value of financial instruments, both assets and liabilities, whether or not recognized in the consolidated balance sheet, is based on the assumptions presented for each particular item and for which it is practicable to estimate that value. For financial instruments where quoted market prices are not available, fair values are based on estimates using present value and other valuation methods. The methods used are greatly affected by the assumptions applied, including the discount rate and estimates of future cash flows. Therefore, the fair values presented may not represent amounts that could be realized in an exchange for certain financial instruments. Cash and cash equivalents : The carrying amounts presented in the consolidated balance sheets for cash and cash equivalents are deemed to approximate fair value. Held-to-maturity securities : For held-to-maturity securities, fair value methods for securities were previously described. Loans held for sale : Loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value determined by FHLB pricing schedules. Loans : The loan portfolio has been segregated into categories with similar characteristics, such as one- to four-family residential, multi-family residential and nonresidential real estate. These loan categories were further delineated into fixed-rate and adjustable-rate loans. The fair values for the resultant loan categories were computed via discounted cash flow analysis, using current interest rates offered for loans with similar terms to borrowers of similar credit quality. For loans on deposit accounts and consumer and other loans, fair values were deemed to equal the historic carrying values. Impaired loans are valued at the lower of cost or fair value as previously described. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. Federal Home Loan Bank stock : It was not practicable to determine the fair value of FHLB stock due to restrictions placed on its transferability. Accrued interest receivable and payable : The carrying amount is the estimated fair value. Deposits : The fair value of NOW accounts, passbook accounts, and money market deposits are deemed to approximate the amount payable on demand. Fair values for fixed-rate certificates of deposit have been estimated using a discounted cash flow calculation using the interest rates currently offered for deposits of similar remaining maturities. Federal Home Loan Bank advances : The fair value of these advances is estimated using the rates currently offered for similar advances of similar remaining maturities or, when available, quoted market prices. Advances by borrowers for taxes and insurance and accrued interest payable : The carrying amount presented in the consolidated statement of financial condition is deemed to approximate fair value. Commitments to extend credit : For fixed-rate and adjustable-rate loan commitments, the fair value estimate considers the difference between current levels of interest rates and committed rates. The fair value of outstanding loan commitments at June 30, 2016 and 2015, was not material. Fair Value Measurements at (in thousands) June 30, 2016 Using Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,108 $ 13,108 $ 13,108 Term deposits in other financial institutions 3,711 3,711 3,711 Available-for-sale securities 134 $ 134 134 Held-to-maturity securities 4,079 4,151 4,151 Loans receivable - net 238,468 $ 242,456 242,456 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 710 21 689 710 Financial liabilities Deposits $ 188,572 $ 81,814 $ 106,820 $ 188,634 Federal Home Loan Bank advances 33,211 33,517 33,517 Advances by borrowers for taxes and insurance 741 741 741 Accrued interest payable 22 22 22 The carrying amounts and estimated fair values of financial instruments at June 30, 2015, are as follows: Fair Value Measurements at (in thousands) June 30, 2015 Using Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,635 $ 13,635 $ 13,635 Available-for-sale securities 159 $ 159 159 Held-to-maturity securities 6,423 6,534 6,534 Loans held for sale 100 101 101 Loans receivable - net 243,815 $ 248,265 248,265 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 725 27 698 725 Financial liabilities Deposits $ 199,701 $ 83,603 $ 116,304 $ 199,907 Federal Home Loan Bank advances 26,635 27,265 27,265 Advances by borrowers for taxes and insurance 699 699 699 Accrued interest payable 32 32 32 Cash and Cash Equivalents Goodwill Cash Surrender Value of Life Insurance Treasury Stock Related Party Transactions (in thousands) 2016 2015 Outstanding principal, beginning of year $ 1,393 $ 1,265 Changes in composition of related parties (288) 157 Principal disbursed during the year — 146 Principal repaid and refinanced during the year (62) (175) Outstanding principal, end of year $ 1,043 $ 1,393 Deposits from related parties held by the Company at June 30, 2016 and 2015 totaled $ 2.7 4.2 Comprehensive Income Loss Contingencies Loan Commitments and Related Financial Instruments Dividend Restriction Operating Segments Reclassifications New Accounting Standards: In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09. In March 2016, the FASB issued ASU 2016-08, which clarified the revenue recognition implementation guidance on principal versus agent considerations and is effective during the same period as ASU 2014-09. In April 2016, the FASB issued ASU 2016-10, which clarified the revenue recognition guidance regarding the identification of performance obligations and the licensing implementation and is effective during the same period as ASU 2014-09. In May 2016, the FASB issued ASU 2016-12, which narrowly amended the revenue recognition guidance regarding collectability, noncash consideration, presentation of sales tax and transition. ASU 2016-12 is effective during the same period as ASU 2014-09. Management is currently evaluating the effects of ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 on the Company’s financial statements and disclosures, if any. In January 2016, the FASB issued an update ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update impact public business entities as follows: 1) Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. 2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3) Eliminate the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4) Require entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5) Require an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6) Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7) Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements, but it is not expected to have a material impact. In February 2016, the FASB issued an update ASU No. 2016-02, Leases (Topic 842). Under the new guidance, lessees will be required to recognize the following for all leases, with the exception of short-term leases, at the commencement date: a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting in largely unchanged. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements, but it is not expected to have a material impact. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Shared-Based Payment Accounting. The amendments are intended to improve the accounting for employee shared-based payments and affects all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements, but it is not expected to have a material impact. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The final standard will change estimates for credit losses related to financial assets measured at amortized cost such as loans, held-to-maturity debt securities, and certain other contracts. For estimating credit losses, the FASB is replacing the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (CECL) model. The largest impact will be on the allowance for loan and lease losses. The standard is effective public companies for annual periods and interim periods within those annual periods beginning after December 15, 2019, or in the Company’s case the fiscal year beginning July 1, 2020. ASU 2016-13 will be applied through a cumulative effect adjustment to retained earnings (modified-retrospective approach), except for debt securities for which an other-then-temporary impairment had been recognized before the effective date. A prospective transition approach is required for these debt securities. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements. However, the Company does expect ASU 2016-13 to add complexity and costs to its current credit loss evaluation process. Purchased Credit Impaired Loans

SECURITIES

SECURITIES	12 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE B - SECURITIES 2016 Gross Gross unrealized/ unrealized/ Amortized unrecognized unrecognized Estimated (in thousands) cost gains losses fair value Available-for-sale Securities Agency mortgage-backed:residential $ 79 $ 2 $ - $ 81 FHLMC stock 8 45 - 53 $ 87 $ 47 $ - $ 134 Held-to-maturity Securities Agency mortgage-backed: residential $ 2,048 $ 70 $ - $ 2,118 Agency bonds 2,031 2 - 2,033 $ 4,079 $ 72 $ - $ 4,151 2015 Gross Gross unrealized/ unrealized/ Amortized unrecognized unrecognized Estimated (in thousands) cost gains losses fair value Available-for-sale Securities Agency mortgage-backed:residential $ 94 $ 2 $ - $ 96 FHLMC stock 8 55 - 63 $ 102 $ 57 $ - $ 159 Held-to-maturity Securities Agency mortgage-backed: residential $ 2,821 $ 112 $ 2 $ 2,931 Agency bonds 3,602 2 1 3,603 $ 6,423 $ 114 $ 3 $ 6,534 (in thousands) Amortized Cost Fair Value Held to maturity: Within one year $ 2,031 $ 2,033 There were no sales of securities during the fiscal years ended June 30, 2016 or 2015. At June 30, 2016 the Company had no securities with unrealized losses, while at June 30, 2015, the Company had $ 1.2 3,000 At June 30, 2016 and 2015, pledged securities totaled $ 2.2 500,000

LOANS

LOANS	12 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Financing Receivables [Text Block]	NOTE C - LOANS (in thousands) 2016 2015 Residential real estate One- to four-family $ 186,125 $ 191,721 Multi-family 15,559 16,621 Construction 2,809 3,780 Land 1,186 2,021 Farm 1,735 1,567 Nonresidential real estate 27,138 22,118 Commercial and industrial 1,847 1,782 Consumer and other Loans on deposits 1,813 2,262 Home equity 6,155 5,477 Automobile 69 73 Unsecured 552 605 244,988 248,027 Undisbursed portion of loans in process (5,118) (2,753) Deferred loan origination costs, net 113 109 Allowance for loan losses (1,515) (1,568) $ 238,468 $ 243,815 2.3 3.5 June 30, 2016: Loans acquired with Ending Loans deteriorated Ending allowance individually credit loans attributed to Unallocated Total (in thousands) evaluated quality* balance loans allowance allowance Loans individually evaluated for impairment: Residential real estate: One- to four-family $ 3,400 $ 2,146 $ 5,546 $ — $ — $ — Nonresidential real estate — 164 164 — — — 3,400 2,310 5,710 — — — Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 180,579 $ 862 $ — $ 862 Multi-family 15,559 192 — 192 Construction 2,809 5 — 5 Land 1,186 2 — 2 Farm 1,735 3 — 3 Nonresidential real estate 26,974 217 — 217 Commercial and industrial 1,847 18 — 18 Consumer and other Loans on deposits 1,813 4 — 4 Home equity 6,155 11 — 11 Automobile 69 — — — Unsecured 552 1 — 1 Unallocated — — 200 200 239,278 1,315 200 1,515 $ 244,988 $ 1,315 $ 200 $ 1,515 *These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. June 30, 2015: Loans acquired with Ending Loans deteriorated Ending allowance individually credit loans attributed to Unallocated Total (in thousands) evaluated quality* balance loans allowance allowance Loans individually evaluated for impairment: Residential real estate: One- to four-family $ 1,743 $ 2,565 $ 4,308 $ — $ — $ — Land 476 381 857 — — — Nonresidential real estate 241 526 767 — — — Consumer and other: Home equity 28 — 28 — — — Unsecured 18 — 18 — — — 2,506 3,472 5,978 — — — Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 187,413 $ 1,059 $ — $ 1,059 Multi-family 16,621 94 — 94 Construction 3,780 21 — 21 Land 1,164 7 — 7 Farm 1,567 9 — 9 Nonresidential real estate 21,351 121 — 121 Commercial and industrial 1,782 10 — 10 Consumer and other Loans on deposits 2,262 13 — 13 Home equity 5,449 31 — 31 Automobile 73 — — — Unsecured 587 3 — 3 Unallocated — — 200 200 242,049 1,368 200 1,568 $ 248,027 $ 1,368 $ 200 $ 1,568 *These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. The following tables present impaired loans by class of loans as of and for the years ended June 30, 2016 and 2015: June 30, 2016: Unpaid Principal Allowance Balance and for Loan Average Interest Cash Basis Recorded Losses Recorded Income Income (in thousands) Investment Allocated Investment Recognized Recognized With no related allowance recorded: Residential real estate: One- to four-family $ 5,546 $ — $ 5,135 $ 70 $ 70 Land — — 330 27 27 Nonresidential real estate 164 — 401 — — Commercial and industrial — — — — — Consumer and other: Unsecured — — 7 — — Total $ 5,710 $ — $ 5,873 $ 97 $ 97 June 30, 2015: Unpaid Principal Allowance Balance and for Loan Average Interest Cash Basis Recorded Losses Recorded Income Income (in thousands) Investment Allocated Investment Recognized Recognized With no related allowance recorded: Residential real estate: One- to four-family $ 4,308 $ — $ 4,075 $ 84 $ 84 Land 857 — 554 31 31 Nonresidential real estate 767 — 618 26 26 Commercial and industrial — — 19 6 6 Consumer and other Home equity 28 — 28 — — Unsecured 18 — 7 — — Total $ 5,978 $ — $ 5,301 $ 147 $ 147 The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual status by class of loans as of June 30, 2016 and 2015. The tables include loans acquired with deteriorated credit quality. At June 30, 2016, the table below includes approximately $ 1.1 712 1.6 1.5 June 30, 2016 June 30, 2015 Loans Past Loans Past Due Over 90 Due Over 90 Days Still Days Still (in thousands) Nonaccrual Accruing Nonaccrual Accruing One- to four-family residential real estate $ 4,785 $ 2,166 $ 4,331 $ 1,745 Nonresidential real estate 173 — 410 — Consumer 11 — 26 — $ 4,969 $ 2,166 $ 4,767 $ 1,745 Troubled Debt Restructurings: During the year ended June 30, 2016, the terms of two one- to four family residential real estate loans totaling $ 282,000 restructurings (“TDRs. 278,000 During the year ended June 30, 2015, the terms of a single one- to four family residential real estate loan totaling $ 20,000 In order to determine whether a borrower is experiencing financial difficulty, we consider the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. Pre- Post- TDRs Not Modification Modification TDRs Performing Outstanding Outstanding Performing to Number Recorded Recorded to Modified Modified (Dollars in thousands) of Loans Investment Investment Terms Terms June 30, 2016: Residential Real Estate: 1-4 Family 35 $ 2,136 $ 1,835 $ 1,318 $ 517 June 30, 2015 Residential Real Estate: 1-4 Family 38 $ 2,110 $ 1,851 $ 1,710 $ 141 The Company had no allocated specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2016 or 2015. At both June 30, 2016 and 2015, $ 1.5 The following tables present the aging of the principal balance outstanding in past due loans as of June 30, 2016 and 2015, by class of loans. The tables include loans acquired with deteriorated credit quality. At June 30, 2016, the table below includes no loans 30-89 days past due and approximately $ 514 666 1.0 Greater Loans than 90 Total Not 30-89 Days Days Past Past Past (in thousands) Past Due Due Due Due Total Residential real estate: One-to four-family $ 5,712 $ 4,377 $ 10,089 $ 176,036 $ 186,125 Multi-family — — — 15,559 15,559 Construction 548 — 548 2,261 2,809 Land — — — 1,186 1,186 Farm — — — 1,735 1,735 Nonresidential real estate — 153 153 26,985 27,138 Commercial and industrial — — — 1,847 1,847 Consumer and other: Loans on deposits — — — 1,813 1,813 Home equity 37 — 37 6,118 6,155 Automobile — — — 69 69 Unsecured 9 — 9 543 552 Total $ 6,306 $ 4,530 $ 10,836 $ 234,152 $ 244,988 June 30, 2015: Greater than 90 Total Loans 30-89 Days Days Past Not Past (in thousands) Past Due Past Due Due Due Total Residential real estate: One-to four-family $ 5,129 $ 3,233 $ 8,362 $ 183,359 $ 191,721 Multi-family — — — 16,621 16,621 Construction — — — 3,780 3,780 Land 344 262 606 1,415 2,021 Farm — — — 1,567 1,567 Nonresidential real estate 142 388 530 21,588 22,118 Commercial and industrial — — — 1,782 1,782 Consumer and other: Loans on deposits — — — 2,262 2,262 Home equity 20 — 20 5,457 5,477 Automobile — — — 73 73 Unsecured 13 18 31 574 605 Total $ 5,648 $ 3,901 $ 9,549 $ 238,478 $ 248,027 Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on an annual basis. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be pass rated loans. Loans listed that are not rated are included in groups of homogeneous loans and are evaluated for credit quality based on performing status. See the aging of past due loan table above. As of June 30, 2016, and 2015, and based on the most recent analysis performed, the risk category of loans by class of loans was as follows: June 30, 2016: Special Not (in thousands) Pass Mention Substandard Doubtful rated Residential real estate: One- to four-family $ — $ 6,387 $ 11,970 $ — $ 167,768 Multi-family 15,220 — 339 — — Construction 2,809 — — — — Land 1,186 — — — — Farm 1,735 — — — — Nonresidential real estate 26,061 904 173 — — Commercial and industrial 1,817 30 — — — Consumer and other: Loans on deposits 1,813 — — — — Home equity 6,149 — 6 — — Automobile 69 — — — — Unsecured 552 — — — — Total $ 57,411 $ 7,321 $ 12,488 $ — $ 167,768 June 30, 2015: Special Not (in thousands) Pass Mention Substandard Doubtful rated Residential real estate: One- to four-family $ — $ 6,914 $ 9,371 $ — $ 175,436 Multi-family 16,621 — — — — Construction 3,780 — — — — Land 1,164 — 857 — — Farm 1,567 — — — — Nonresidential real estate 20,198 1,131 789 — — Commercial and industrial 1,750 32 — — — Consumer and other: Loans on deposits 2,262 — — — — Home equity 5,448 — 29 — — Automobile 73 — — — — Unsecured 605 — — — — Total $ 53,468 $ 8,077 $ 11,046 $ — $ 175,436 (in thousands) 2016 2015 Balance at beginning of year $ 1,568 $ 1,473 Provision for losses on loans 15 343 Charge-offs, net (68) (248) Balance at end of year $ 1,515 $ 1,568 The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended June 30, 2016 and 2015: June 30, 2016: Provision Beginning for loan Loans Ending (in thousands) balance losses charged off Recoveries balance Residential real estate: One- to four-family $ 1,059 $ (129) $ (80) $ 12 $ 862 Multi-family 94 98 — — 192 Construction 21 (16) — — 5 Land 7 (5) — — 2 Farm 9 (6) — — 3 Nonresidential real estate 121 96 — — 217 Commercial and industrial 10 8 — — 18 Consumer and other: Loans on deposits 13 (9) — — 4 Home equity 31 (20) — — 11 Automobile — — — — — Unsecured 3 (2) — — 1 Unallocated 200 — — — 200 Totals $ 1,568 $ 15 $ (80) $ 12 $ 1,515 June 30, 2015: Provision Beginning for loan Loans Ending (in thousands) balance losses charged off Recoveries balance Residential real estate: One- to four-family $ 999 $ 307 $ (274) $ 26 $ 1,058 Multi-family 74 19 — — 93 Construction 11 10 — — 21 Land 10 (1) — — 9 Farm 9 — — — 9 Nonresidential real estate 114 7 — — 121 Commercial and industrial 11 (1) — — 10 Consumer and other: Loans on deposits 14 (1) — — 13 Home equity 28 3 — — 31 Automobile — — — — — Unsecured 3 — — — 3 Unallocated 200 — — — 200 Totals $ 1,473 $ 343 $ (274) $ 26 $ 1,568 Purchased Loans: 464,000 616,000 (in thousands) 2016 2015 Residential real estate: One- to four-family $ 2,146 $ 2,565 Land — 381 Nonresidential real estate 164 526 Outstanding balance $ 2,310 $ 3,472 (in thousands) 2016 2015 Balance at beginning of year $ 1,021 $ 1,478 Accretion of income (164) (457) Reclassifications from nonaccretable difference 124 — Disposals — — Balance at end of year $ 981 $ 1,021 For those purchased loans disclosed above, the Company made no increase in allowance for loan losses for the years ended June 30, 2016 or 2015, nor were any allowance for loan losses reversed during those years.

REAL ESTATE OWNED

REAL ESTATE OWNED	12 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Real Estate Owned [Text Block]	NOTE D – REAL ESTATE OWNED (in thousands) 2016 2015 Balance at beginning of year $ 1,593 $ 1,846 Loans transferred to real estate owned 421 2,065 Capitalized expenditures 152 57 Valuation adjustments (151) (87) Disposals (1,488) (2,288) Balance at end of year $ 527 $ 1,593

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE E - PREMISES AND EQUIPMENT Premises and equipment at June 30 are comprised of the following: (in thousands) 2016 2015 Land $ 1,693 $ 1,693 Buildings and improvements 8,005 7,104 Furniture and equipment 1,939 2,219 Automobiles 64 64 11,701 11,080 Less: accumulated depreciation 5,679 5,845 Balance at end of year $ 6,022 $ 5,235

DEPOSITS

DEPOSITS	12 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Deposit Liabilities Disclosures [Text Block]	NOTE F - DEPOSITS (in thousands) 2016 2015 Non-interest bearing checking accounts $ 3,989 $ 4,073 Checking accounts 14,456 14,904 Savings accounts 50,169 51,371 Money market demand deposits 13,200 13,255 Total demand, transaction and passbook deposits 81,814 83,603 Certificates of deposit: Original maturities of: Less than 12 months 75,007 75,856 12 months to 36 months 20,083 35,616 More than 36 months 11,668 4,626 Total certificates of deposit 106,758 116,098 Total deposits $ 188,572 $ 199,701 At June 30, 2016 and 2015, the Banks had certificate of deposit accounts with balances equal to or in excess of $250,000 totaling approximately $ 5.2 (in thousands) 2016 2017 $ 72,413 2018 23,129 2019 4,176 2020 3,052 2021 and thereafter 3,988 $ 106,758

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK	12 Months Ended
	Jun. 30, 2016
Federal Home Loan Banks [Abstract]
Federal Home Loan Bank, Advances [Text Block]	NOTE G - ADVANCES FROM THE FEDERAL HOME LOAN BANK Advances from the Federal Home Loan Bank, collateralized at June 30, 2016 and 2015 by pledges of certain residential mortgage loans totaling $40.3 million and $35.2 million, respectively, and the Banks’ investment in Federal Home Loan Bank stock, are summarized as follows: Maturing year ended June 30, 2016 (in thousands) 2017 $ 26,931 2018 2,328 2019 3,249 2020 189 2021 142 2022 107 2023 79 2024-2032 186 $ 33,211 At June 30, 2016 interest rates for advances were fixed ranging from 0.43% to 6.35%, with a weighted-average interest rate of 0.93%. Maturing year ended June 30, 2015 (in thousands) 2016 $ 13,923 2017 6,431 2018 2,328 2019 3,249 2020 189 2021 142 2022 107 2023-2032 266 $ 26,635 At June 30, 2015 interest rates for advances were fixed ranging from 0.15% to 6.95%, with a weighted-average interest rate of 1.04%. Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. Based on collateral composed of first mortgage loans and the Company’s holdings of FHLB stock, the Company was eligible to borrow up to $89.1 million as of June 30, 2016. At June 30, 2016, we had the ability to borrow a total $89.1 million from the FHLB, of which $33.2 million was outstanding. In addition, we have the ability to borrow from the Federal Reserve Bank Discount Window. At June 30, 2016, we had pledged collateral which would enable us to borrow up to $4.6 million.

FEDERAL INCOME TAXES

FEDERAL INCOME TAXES	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE H - FEDERAL INCOME TAXES Federal income taxes on earnings differs from that computed at the statutory corporate tax rate for the years ended June 30, 2016 and 2015, as follows: (in thousands) 2016 2015 Federal income taxes at the statutory rate $ 713 $ 1,051 Increase (decrease) resulting primarily from: Cash surrender value of life insurance (32) (31) FIN 48 reserve recognition (87) — Other 2 1 $ 596 $ 1,021 The composition of the Company’s net deferred tax liability at June 30 is as follows: (in thousands) 2016 2015 Taxes (payable) refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 515 $ 533 Deferred compensation and benefits 156 243 Charitable contributions 1 1 Fair value accounting adjustments on acquisition 510 604 Nonaccrued interest on loans 135 129 Other real estate owned adjustments 233 254 Depreciation 13 — Other — 15 Total deferred tax assets 1,563 1,779 Deferred tax liabilities: Federal Home Loan Bank stock dividends (1,337) (1,337) Deferred loan origination costs (39) (26) Loan servicing rights (32) (29) Fair value accounting adjustments on acquisition (779) (795) Unrealized gain on investments (15) (19) Depreciation — (62) Other (3) — Total deferred tax liabilities (2,205) (2,268) Net deferred tax liability $ (642) $ (489) Prior to 1997, the Banks were allowed a special bad debt deduction, generally limited to 8% of otherwise taxable income, and subject to certain limitations based on aggregate loans and deposit account balances at the end of the year. If the amounts that qualified as deductions for federal income taxes are later used for purposes other than bad debt losses, including distributions in excess of accumulated earnings and profits, such distributions will be subject to federal income taxes at the then current corporate income tax rate. Retained earnings at June 30, 2016, include approximately $5.2 million for which federal income taxes have not been provided. The amount of unrecognized deferred tax liability relating to the cumulative bad debt deduction was approximately $1.8 million at June 30, 2016. Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (in thousands) 2016 2015 Balance at beginning of year $ 87 $ 87 Additions/(reductions) based on tax positions for the current year (87) — Balance at end of year $ — $ 87 Cash settlements occurred during the period July 1, 2012, through June 30, 2013. Because of uncertainty regarding proper inclusion or exclusion of income from bank-owned life insurance (“BOLI”) in the earnings and profits calculation, the Company amended its June 30, 2009, federal income tax return to report reduced tax liability of $80,000 and established the corresponding reserve. The Company’s unrecognized benefits were recognized during the fiscal year ended June 30, 2016.

LOAN COMMITMENTS

LOAN COMMITMENTS	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure [Text Block]	NOTE I - LOAN COMMITMENTS The Banks are a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of their customers, including commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the consolidated statements of financial condition. The contract or notional amounts of the commitments reflect the extent of the Banks’ involvement in such financial instruments. The Banks’ exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Banks use the same credit policies in making commitments and conditional obligations as those utilized for on-balance-sheet instruments. At June 30, 2016 and 2015, the Banks had the following outstanding loan commitments: 2016 2015 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ — $ 8,847 $ — $ 8,153 Commitments to fund real estate construction loans 1,609 3,311 715 2,974 Other unused commitment: Commercial and industrial loans 1,082 — 1,299 — Other 1,102 1,908 631 415 Letters of credit — — — — Commitments to make loans are generally made for periods of 60 days or less. The fixed rate loan commitments at June 30, 2016 totaled $2.2 million and had interest rates ranging from 4.0% to 4.75% and maturities ranging from 5 years to 30 years. The fixed rate loan commitments at June 30, 2015 totaled $1.9 million and had interest rates ranging from 3.50% to 5.18% with maturities ranging from 10 years to 30 years.

STOCKHOLDERS' EQUITY AND REGULA

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL	12 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Regulatory Capital Requirements under Banking Regulations [Text Block]	NOTE J – STOCKHOLDERS’ EQUITY AND REGULATORY CAPITAL Dividend Restrictions – Dividends from the Banks are the primary source of funds for the Company. Banking regulations limit the amount of dividends that may be paid to the Company by the Banks without prior approval of the Office of the Controller of the Currency (the “OCC.”) Under these regulations the amount of dividends that may be paid in any calendar year is limited to the current year’s net profits, combined with the retained net profits of the preceding two years. At June 30, 2016, the Banks could, without prior approval, declare dividends of approximately $ 759,000 Regulatory Capital Requirements - The Banks are subject to minimum regulatory capital standards promulgated by the OCC. Failure to meet minimum capital requirements can initiate certain mandatory — and possibly additional discretionary — actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Banks must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action regulations provide five classifications: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. Capital Standards – Effective January 1, 2015, the Company and the Banks became subject to the regulatory capital reforms in accordance with Basel III, which established higher minimum risk-based capital ratio requirements, a new common equity Tier 1 risk-based capital ratio and a new capital conservation buffer (“CCB.”) The regulations also included revisions to the definition of capital and changes in the risk-weighting of certain assets, in addition to redefining “well capitalized” as a 6.5 8.0 10.0 5.0 Additionally, the CCB, which is applicable to the above minimum risk-based capital requirements, was introduced. The CCB will eventually be 2.5 0.625 0.625 As of June 30, 2016 Minimum Requirement Minimum To be “Well- Requirement Capitalized” Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Risk-based capital: Common Equity Tier 1 capital ratio Kentucky First Federal $ 52,977 31.4 % $ 7,597 4.5 % N/A N/A First Federal of Hazard 18,035 50.1 1,618 4.5 $ 2,338 6.5 % First Federal of Kentucky 30,448 22.8 6,016 4.5 8,689 6.5 Tier 1 (core) capital ratio Kentucky First Federal 52,977 31.4 10,129 6.0 N/A N/A First Federal of Hazard 18,035 50.1 2,158 6.0 2,877 8.0 First Federal of Kentucky 30,448 22.8 8,021 6.0 10,694 8.0 Total capital ratio Kentucky First Federal 54,512 32.3 13,506 8.0 N/A N/A First Federal of Hazard 18,486 51.4 2,877 8.0 3,597 10.0 First Federal of Kentucky 31,412 23.5 10,694 8.0 13,368 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 52,977 19.0 11,183 4.0 N/A N/A First Federal of Hazard 18,035 24.7 2,927 4.0 3,658 5.0 First Federal of Kentucky 30,448 14.2 8,584 4.0 10,730 5.0 As of June 30, 2015 Minimum Requirement Minimum To be “Well- Requirement Capitalized” Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Risk-based capital: Common Equity Tier 1 capital ratio Kentucky First Federal $ 52,768 31.9 % $ 7,443 4.5 % N/A N/A First Federal of Hazard 16,478 43.8 1,694 4.5 $ 2,447 6.5 % First Federal of Kentucky 32,104 25.1 5,763 4.5 8,324 6.5 Tier 1 (core) capital ratio Kentucky First Federal 52,768 31.9 9,923 6.0 N/A N/A First Federal of Hazard 16,478 43.8 2,259 6.0 3,012 8.0 First Federal of Kentucky 32,104 25.1 7,684 6.0 10,245 8.0 Total capital ratio Kentucky First Federal 54,386 32.9 13,231 8.0 N/A N/A First Federal of Hazard 16,950 45.0 3,012 8.0 3,765 10.0 First Federal of Kentucky 33,101 25.9 10,245 8.0 12,806 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 52,768 18.7 11,312 4.0 N/A N/A First Federal of Hazard 16,478 21.8 3,023 4.0 3,779 5.0 First Federal of Kentucky 32,104 14.9 8,645 4.0 10,807 5.0 As of June 30, 2016 and 2015, management believes that First Federal of Hazard and First Federal of Kentucky met all capital adequacy requirements to which the Banks were subject. There are no conditions or subsequent events that have occurred that managements believes have changed the Banks’ categories. Regulations of the Board of Governors of the Federal Reserve System governing mutual holding companies require First Federal MHC to meet certain criteria before the company may waive the receipt by it of any common stock dividend declared by Kentucky First Federal Bancorp. During each of the fiscal years ended June 30, 2016 and 2015, and pursuant to the provisions allowed by the Board of Governors of the Federal Reserve System, First Federal MHC waived $ 1.9

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP	12 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	NOTE K - CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP The following condensed financial statements summarize the financial position of Kentucky First Federal Bancorp as of June 30, 2016 and 2015, and the results of its operations and its cash flows for the fiscal years ended June 30, 2016 and 2015. KENTUCKY FIRST FEDERAL BANCORP BALANCE SHEETS June 30, 2016 and 2015 (In thousands) 2016 2015 ASSETS Interest-bearing deposits in First Federal of Hazard $ 539 $ 572 Interest-bearing deposits in First Federal of Kentucky 1,391 985 Other interest-bearing deposits 18 15 Investment in First Federal of Hazard 18,216 17,795 Investment in Frankfort First 46,824 47,539 Prepaid expenses and other assets 564 580 Total assets $ 67,552 $ 67,486 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 37 $ 173 Total liabilities 37 173 Shareholders’ equity Common stock 86 86 Additional paid-in capital 34,639 34,638 Retained earnings 34,732 34,711 Unearned employee stock ownership plan (ESOP) (1,036) (1,223) Treasury shares at cost, 112,563 common shares at June 30, 2016 and 2015 (937) (937) Accumulated other comprehensive income 31 38 Total shareholders’ equity 67,515 67,313 Total liabilities and shareholders’ equity $ 67,552 $ 67,486 KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF INCOME Years ended June 30, 2016 and 2015 (Dollar amounts in thousands) 2016 2015 Income Interest income $ 86 $ 99 Dividends from First Federal of Hazard — — Equity in undistributed (excess distributed) earnings of First Federal of Hazard 186 354 Dividends from Frankfort First 2,057 1,612 Equity in undistributed earnings of Frankfort First (493) 370 Total income 1,836 2,435 Non-interest expenses 462 495 Earnings before income taxes 1,374 1,940 Federal income tax expense (benefit) (127) (129) NET INCOME $ 1,501 $ 2,069 KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF CASH FLOWS For Years ended June 30, 2016 and 2015 (Dollar amounts in thousands) 2016 2015 Cash flows from operating activities: Net earnings for the year $ 1,501 $ 2,069 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries 307 (815) Noncash compensation expense 188 187 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets (4) 59 Other liabilities (136) 140 Net cash provided by operating activities 1,856 1,640 2016 2015 Cash flows from financing activities: Dividends paid on common stock (1,480) (1,385) Repurchase of treasury shares — (698) Net cash used in financing activities (1,480) (2,083) Net increase (decrease) in cash and cash equivalents 376 (443) Cash and cash equivalents at beginning of year 1,572 2,015 Cash and cash equivalents at end of year $ 1,948 $ 1,572

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	1. Principles of Consolidation
Use of Estimates, Policy [Policy Text Block]	2. Use of Estimates
Marketable Securities, Policy [Policy Text Block]	3. Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis.
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block]	4. Loans All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	5. Loans held for sale and Mortgage Servicing Rights 100,000 In selling loans, the Company utilizes a program with the Federal Home Loan Bank, retaining servicing on loans sold. Mortgage servicing rights on originated loans that have been sold are initially recorded at fair value. Capitalized servicing rights are amortized in proportion to and over the period of estimated servicing revenues. The Company recorded amortization related to mortgage servicing rights totaling $ 12,000 14,000 94,000 96,000 The Company was servicing mortgage loans of approximately $ 11.7 11.9 1.2 12.0 Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. Changes in valuation allowances are reported with other non-interest income on the income statement. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Servicing fee income which is reported on the income statement as other non-interest income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Servicing fees totaled $ 21,000 20,000
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	6. Allowance for Loan Losses The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired or loans otherwise classified as substandard or doubtful. The general component covers all loans and is based on historical loss experience adjusted for current factors. In consultation with regulators, the Company considers a time frame of two years when estimating the appropriate level of allowance for loan losses. This period may be shortened or extended based on anticipated trends in the banks or in the banks’ markets. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent eight quarters. This actual loss experience is supplemented with other economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; levels of and trends in charge-offs and recoveries; trends in volume and terms of loans; changes in lending policies, procedures and practices; experience, ability and depth of lending management and other relevant staff; economic trends and conditions; industry conditions; and effects of changes in credit concentrations. Our portfolio segments include residential real estate, nonresidential real estate and land, loans on deposits and consumer and other loans. Risk factors associated with our portfolio segments are as follows: Residential Real Estate Our primary lending activity is the origination of mortgage loans, which enable a borrower to purchase or refinance existing homes in the Banks’ respective market areas. We further classify our residential real estate loans as one- to four-family (owner-occupied vs nonowner-occupied), multi-family or construction. We believe that our first mortgage position on loans secured by residential real estate presents lower risk than our other loans, with the exception of loans on deposits. We offer a mix of adjustable-rate and fixed-rate mortgage loans with terms up to 30 95 90 We offer loans on one- to four-family rental properties at a maximum of 80 We also originate loans to individuals to finance the construction of residential dwellings for personal use or for use as rental property. We occasionally lend to builders for construction of speculative or custom residential properties for resale, but on a limited basis. Construction loans are generally less than one year in length, do not exceed 80 Multi-family and Nonresidential Loans We offer mortgage loans secured by residential multi-family (five or more units), and nonresidential real estate. Nonresidential real estate loans are comprised generally of commercial office buildings, churches and properties used for other purposes. Generally, these loans are originated for 25 80 Consumer lending Our consumer loans include home equity lines of credit, loans secured by savings deposits, automobile loans, and unsecured loans. Home equity loans are generally second mortgage loans subordinate only to first mortgages also held by the bank and do not exceed 80% of the estimated value of the property. We do offer home equity loans up to 90 90 The Banks choose the most appropriate method for accounting for impaired loans. For secured loans, which make up the vast majority of the loans in the banks’ portfolio, this method involves determining the fair value of the collateral, reduced by estimated selling costs. Where appropriate, the Banks would account for impaired loans by determining the present value of expected future cash flows discounted at the loan’s effective interest rate. A loan is considered impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Although most of our loans are secured by collateral, we rely heavily on the capacity of our borrowers to generate sufficient cash flow to service their debt. As a result, our loans do not become collateral-dependent until there is deterioration in the borrower’s cash flow and financial condition, which makes it necessary for us to look to the collateral for our sole source of repayment. Collateral-dependent loans which are more than ninety days delinquent are considered to constitute more than a minimum delay in repayment and are evaluated for impairment under the policy at that time. We utilize updated independent appraisals to determine fair value for collateral-dependent loans, adjusted for estimated selling costs, in determining our specific reserve. In some situations management does not secure an updated independent appraisal. These situations may involve small loan amounts or loans that, in management’s opinion, have an abnormally low loan-to-value ratio. With respect to the Banks’ investment in troubled debt restructurings, multi-family and nonresidential loans, and the evaluation of impairment thereof, such loans are nonhomogenous and, as such, may be deemed to be collateral-dependent when they become more than ninety days delinquent. We obtain updated independent appraisals in these situations or when we suspect that the previous appraisal may no longer be reflective of the property’s current fair value. This process varies from loan to loan, borrower to borrower, and also varies based on the nature of the collateral.
Federal Home Loan Bank Stock [Policy Text Block]	7. Federal Home Loan Bank Stock
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block]	8. Real Estate Owned
Property, Plant and Equipment, Policy [Policy Text Block]	9. Premises and Equipment
Income Tax, Policy [Policy Text Block]	10. Income Taxes A tax provision is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The Company recognizes interest and/or penalties related to income tax matters as income tax expense. Kentucky First Federal Bancorp and Frankfort First Bancorp, Inc., each are subject to state income taxes in the Commonwealth of Kentucky. Neither of the Banks are subject to state income tax in the Commonwealth. With few exceptions, the Company is no longer subject to U.S. federal, state and local tax examinations by tax authorities for years before 2013.
Postemployment Benefit Plans, Policy [Policy Text Block]	11. Retirement and Employee Benefit Plans 163.1 190.8 5 558,000 227,000 93.8 101.4 The Company also maintains a nonqualified deferred compensation plan for the benefit of certain directors, which is closed to any future deferrals. The expense incurred for the deferred compensation was $ 4,000 15,000 61,000 177,000 The Company maintains an Employee Stock Ownership Plan (“ESOP”) which provides retirement benefits for substantially all full-time employees who have completed one year of service and have attained the age of 21. Annual contributions are made to the ESOP equal to the ESOP’s debt service less dividends received by the ESOP on unallocated shares. Shares in the ESOP were acquired using funds provided by a loan from the Company and, accordingly, the cost of those shares is shown as a reduction of stockholders’ equity. Shares are released to participants proportionately as the loan is repaid. Dividends on allocated shares are recorded as dividends and charged to retained earnings. Dividends on unallocated shares are used to repay loan principal and accrued interest. Compensation expense is recorded equal to the fair value of shares committed to be released during a given fiscal year. Allocation of shares to the ESOP participants is contingent upon the repayment of a loan to Kentucky First Federal Bancorp totaling $ 1.4 1.6 188,000 154,000 98,588 73,266 280,000 For the fiscal year ended 2016 2015 Allocated shares 125,411 132,058 Shares committed to be released 9,338 9,338 Unearned shares 103,636 122,311 Total ESOP shares 238,385 263,707 Fair value of unearned shares at $ 850 $ 1,025 The Company maintains a 401(k) plan for the benefit of all full-time employees. No employer contributions have been made to the 401(k) plan.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	12. Share-Based Compensation Plans No compensation cost was charged against income for those share-based plans for the fiscal years ended June 30, 2016, or 2015 and, consequently, there was no income tax benefit recognized for either of the fiscal years then ended. The EIP provides for grants of up to 421,216 At June 30, 2016, there were no options outstanding. Weighted- Aggregate average Intrinsic exercise Value Shares price ($000) Outstanding at beginning of year 325,800 $ 10.10 Granted - - Exercised - - Expired/Forfeited 325,800 10.10 Outstanding at end of year - - $ - Options exercisable at end of year - - $ - As of June 30, 2016 and 2015, there was no unrecognized compensation cost related to nonvested stock options granted under the Plan. The EIP also provides for the purchase of 168,486 As of June 30, 2016 and 2015, there were no grants, forfeitures or nonvested shares and no unrecognized compensation cost related to the restricted stock awards.
Earnings Per Share, Policy [Policy Text Block]	13. Earnings Per Share (in thousands) 2016 2015 Net income allocated to common shareholders, basic and diluted $ 1,501 $ 2,069 2016 2015 Basic Weighted-average common shares outstanding 8,324,195 8,348,785 Diluted Weighted-average common shares outstanding (diluted) 8,324,195 8,348,785 Basic earnings per share is computed based upon the weighted-average shares outstanding during the year (which excludes treasury shares) less average shares in the ESOP that are unallocated and not committed to be released. For fiscal years 2016 and 2015 all options were antidilutive, as the exercise price was greater than the average market price of the common stock.
Fair Value Measurement, Policy [Policy Text Block]	14. Fair Value of Assets and Liabilities Level 1 Level 2 Level 3 Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying balance sheet, as well as the general classification of such instruments pursuant to the valuation hierarchy. Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2016 Agency mortgage-backed: residential $ 81 $ — $ 81 $ — FHLMC stock 53 — 53 — $ 134 $ — $ 134 $ — 2015 Agency mortgage-backed: residential $ 96 $ — $ 96 $ — FHLMC stock 63 — 63 — $ 159 $ — $ 159 $ — There were no transfers between levels 1 and 2. Impaired Loans The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent independent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Independent appraisals for collateral-dependent loans are updated periodically (usually every 12-24 months depending on the size of the loan and the loan-to-value ratio). Real Estate Owned Real estate properties acquired through or instead of loan foreclosure are initially recorded as real estate owned (“REO”) at fair value, less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach with data from comparable properties. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments were $ 151,000 87,000 Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2016 Other real estate owned, net One- to four-family $ 274 - - $ 274 Land 79 - - 79 2015 Other real estate owned, net One- to four-family $ 525 - - $ 525 Land 15 - - 15 At June 30, 2016 and 2015, there were no impaired loans with a valuation allowance. Other real estate owned measured at fair value less costs to sell, had a carrying amount of $ 353,000 540,000 Range Fair Value Valuation Unobservable (Weighted June 30, 2016 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 274 Sales comparison approach Adjustments for differences between comparable sales -24.0% to 15.2% (-5.1%) Land 79 Sales comparison approach Adjustments for differences between comparable sales 3.5% to 6.6% (5.0%) Range Fair Value Valuation Unobservable (Weighted June 30, 2015 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 525 Sales comparison approach Adjustments for differences between comparable sales 1.5% to 11.7% (2.9%) Land 15 Sales comparison approach Adjustments for differences between comparable sales 20.2% to 38.9% (20.8%) The following disclosure of the fair value of financial instruments, both assets and liabilities, whether or not recognized in the consolidated balance sheet, is based on the assumptions presented for each particular item and for which it is practicable to estimate that value. For financial instruments where quoted market prices are not available, fair values are based on estimates using present value and other valuation methods. The methods used are greatly affected by the assumptions applied, including the discount rate and estimates of future cash flows. Therefore, the fair values presented may not represent amounts that could be realized in an exchange for certain financial instruments. The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value at June 30, 2016 and 2015: Cash and cash equivalents : The carrying amounts presented in the consolidated balance sheets for cash and cash equivalents are deemed to approximate fair value. Held-to-maturity securities : For held-to-maturity securities, fair value methods for securities were previously described. Loans held for sale : Loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value determined by FHLB pricing schedules. Loans : The loan portfolio has been segregated into categories with similar characteristics, such as one- to four-family residential, multi-family residential and nonresidential real estate. These loan categories were further delineated into fixed-rate and adjustable-rate loans. The fair values for the resultant loan categories were computed via discounted cash flow analysis, using current interest rates offered for loans with similar terms to borrowers of similar credit quality. For loans on deposit accounts and consumer and other loans, fair values were deemed to equal the historic carrying values. Impaired loans are valued at the lower of cost or fair value as previously described. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. Federal Home Loan Bank stock : It was not practicable to determine the fair value of FHLB stock due to restrictions placed on its transferability. Accrued interest receivable and payable : The carrying amount is the estimated fair value. Deposits : The fair value of NOW accounts, passbook accounts, and money market deposits are deemed to approximate the amount payable on demand. Fair values for fixed-rate certificates of deposit have been estimated using a discounted cash flow calculation using the interest rates currently offered for deposits of similar remaining maturities. Federal Home Loan Bank advances : The fair value of these advances is estimated using the rates currently offered for similar advances of similar remaining maturities or, when available, quoted market prices. Advances by borrowers for taxes and insurance and accrued interest payable : The carrying amount presented in the consolidated statement of financial condition is deemed to approximate fair value. Commitments to extend credit : For fixed-rate and adjustable-rate loan commitments, the fair value estimate considers the difference between current levels of interest rates and committed rates. The fair value of outstanding loan commitments at June 30, 2016 and 2015, was not material. Fair Value Measurements at (in thousands) June 30, 2016 Using Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,108 $ 13,108 $ 13,108 Term deposits in other financial institutions 3,711 3,711 3,711 Available-for-sale securities 134 $ 134 134 Held-to-maturity securities 4,079 4,151 4,151 Loans receivable - net 238,468 $ 242,456 242,456 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 710 21 689 710 Financial liabilities Deposits $ 188,572 $ 81,814 $ 106,820 $ 188,634 Federal Home Loan Bank advances 33,211 33,517 33,517 Advances by borrowers for taxes and insurance 741 741 741 Accrued interest payable 22 22 22 The carrying amounts and estimated fair values of financial instruments at June 30, 2015, are as follows: Fair Value Measurements at (in thousands) June 30, 2015 Using Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,635 $ 13,635 $ 13,635 Available-for-sale securities 159 $ 159 159 Held-to-maturity securities 6,423 6,534 6,534 Loans held for sale 100 101 101 Loans receivable - net 243,815 $ 248,265 248,265 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 725 27 698 725 Financial liabilities Deposits $ 199,701 $ 83,603 $ 116,304 $ 199,907 Federal Home Loan Bank advances 26,635 27,265 27,265 Advances by borrowers for taxes and insurance 699 699 699 Accrued interest payable 32 32 32
Cash and Cash Equivalents, Policy [Policy Text Block]	15. Cash and Cash Equivalents
Goodwill and Intangible Assets, Policy [Policy Text Block]	16. Goodwill
Cash Surrender Value Of Life Insurance [Policy Text Block]	17. Cash Surrender Value of Life Insurance
Treasury Stock [Policy Text Block]	18. Treasury Stock
Related Party Transaction [Policy Text Block]	19. Related Party Transactions (in thousands) 2016 2015 Outstanding principal, beginning of year $ 1,393 $ 1,265 Changes in composition of related parties (288) 157 Principal disbursed during the year — 146 Principal repaid and refinanced during the year (62) (175) Outstanding principal, end of year $ 1,043 $ 1,393 Deposits from related parties held by the Company at June 30, 2016 and 2015 totaled $ 2.7 4.2
Comprehensive Income, Policy [Policy Text Block]	20. Comprehensive Income
Contingent Liability Reserve Estimate, Policy [Policy Text Block]	21. Loss Contingencies
Loan Commitments, Policy [Policy Text Block]	22. Loan Commitments and Related Financial Instruments
Policyholders' Dividend, Policy [Policy Text Block]	23. Dividend Restriction
Segment Reporting, Policy [Policy Text Block]	24. Operating Segments
Reclassification, Policy [Policy Text Block]	25. Reclassifications
New Accounting Pronouncements, Policy [Policy Text Block]	26. New Accounting Standards: In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additional disclosures are required to provide quantitative and qualitative information regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09. In March 2016, the FASB issued ASU 2016-08, which clarified the revenue recognition implementation guidance on principal versus agent considerations and is effective during the same period as ASU 2014-09. In April 2016, the FASB issued ASU 2016-10, which clarified the revenue recognition guidance regarding the identification of performance obligations and the licensing implementation and is effective during the same period as ASU 2014-09. In May 2016, the FASB issued ASU 2016-12, which narrowly amended the revenue recognition guidance regarding collectability, noncash consideration, presentation of sales tax and transition. ASU 2016-12 is effective during the same period as ASU 2014-09. Management is currently evaluating the effects of ASU 2014-09, ASU 2016-08, ASU 2016-10 and ASU 2016-12 on the Company’s financial statements and disclosures, if any. In January 2016, the FASB issued an update ASU No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this update impact public business entities as follows: 1) Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. 2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3) Eliminate the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 4) Require entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 5) Require an entity to present separately in other comprehensive income the portion of the total change in fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 6) Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 7) Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements, but it is not expected to have a material impact. In February 2016, the FASB issued an update ASU No. 2016-02, Leases (Topic 842). Under the new guidance, lessees will be required to recognize the following for all leases, with the exception of short-term leases, at the commencement date: a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting in largely unchanged. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements, but it is not expected to have a material impact. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Shared-Based Payment Accounting. The amendments are intended to improve the accounting for employee shared-based payments and affects all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including the income tax consequences, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2016. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements, but it is not expected to have a material impact. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . The final standard will change estimates for credit losses related to financial assets measured at amortized cost such as loans, held-to-maturity debt securities, and certain other contracts. For estimating credit losses, the FASB is replacing the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (CECL) model. The largest impact will be on the allowance for loan and lease losses. The standard is effective public companies for annual periods and interim periods within those annual periods beginning after December 15, 2019, or in the Company’s case the fiscal year beginning July 1, 2020. ASU 2016-13 will be applied through a cumulative effect adjustment to retained earnings (modified-retrospective approach), except for debt securities for which an other-then-temporary impairment had been recognized before the effective date. A prospective transition approach is required for these debt securities. We are currently evaluating the impact of adopting the new guidance on the consolidated financial statements. However, the Company does expect ASU 2016-13 to add complexity and costs to its current credit loss evaluation process.
Impaired Financing Receivable, Policy [Policy Text Block]	27. Purchased Credit Impaired Loans

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIE (Tables)	12 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Schedule of Costs of Retirement Plans [Table Text Block]	For the fiscal year ended 2016 2015 Allocated shares 125,411 132,058 Shares committed to be released 9,338 9,338 Unearned shares 103,636 122,311 Total ESOP shares 238,385 263,707 Fair value of unearned shares at $ 850 $ 1,025
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of the status of the Company’s stock option plan as of June 30, 2016, and changes during the year then ended is presented below: Weighted- Aggregate average Intrinsic exercise Value Shares price ($000) Outstanding at beginning of year 325,800 $ 10.10 Granted - - Exercised - - Expired/Forfeited 325,800 10.10 Outstanding at end of year - - $ - Options exercisable at end of year - - $ -
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The factors used in the basic and diluted earnings per share computations for the fiscal years ended June 30 follow: (in thousands) 2016 2015 Net income allocated to common shareholders, basic and diluted $ 1,501 $ 2,069 2016 2015 Basic Weighted-average common shares outstanding 8,324,195 8,348,785 Diluted Weighted-average common shares outstanding (diluted) 8,324,195 8,348,785
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2016 Agency mortgage-backed: residential $ 81 $ — $ 81 $ — FHLMC stock 53 — 53 — $ 134 $ — $ 134 $ — 2015 Agency mortgage-backed: residential $ 96 $ — $ 96 $ — FHLMC stock 63 — 63 — $ 159 $ — $ 159 $ —
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The following table presents the fair value measurements of assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2016 and 2015. Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2016 Other real estate owned, net One- to four-family $ 274 - - $ 274 Land 79 - - 79 2015 Other real estate owned, net One- to four-family $ 525 - - $ 525 Land 15 - - 15
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2016 and 2015: Range Fair Value Valuation Unobservable (Weighted June 30, 2016 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 274 Sales comparison approach Adjustments for differences between comparable sales -24.0% to 15.2% (-5.1%) Land 79 Sales comparison approach Adjustments for differences between comparable sales 3.5% to 6.6% (5.0%) Range Fair Value Valuation Unobservable (Weighted June 30, 2015 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 525 Sales comparison approach Adjustments for differences between comparable sales 1.5% to 11.7% (2.9%) Land 15 Sales comparison approach Adjustments for differences between comparable sales 20.2% to 38.9% (20.8%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at June 30, 2016 and June 30, 2015 are as follows: Fair Value Measurements at (in thousands) June 30, 2016 Using Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,108 $ 13,108 $ 13,108 Term deposits in other financial institutions 3,711 3,711 3,711 Available-for-sale securities 134 $ 134 134 Held-to-maturity securities 4,079 4,151 4,151 Loans receivable - net 238,468 $ 242,456 242,456 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 710 21 689 710 Financial liabilities Deposits $ 188,572 $ 81,814 $ 106,820 $ 188,634 Federal Home Loan Bank advances 33,211 33,517 33,517 Advances by borrowers for taxes and insurance 741 741 741 Accrued interest payable 22 22 22 The carrying amounts and estimated fair values of financial instruments at June 30, 2015, are as follows: Fair Value Measurements at (in thousands) June 30, 2015 Using Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,635 $ 13,635 $ 13,635 Available-for-sale securities 159 $ 159 159 Held-to-maturity securities 6,423 6,534 6,534 Loans held for sale 100 101 101 Loans receivable - net 243,815 $ 248,265 248,265 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 725 27 698 725 Financial liabilities Deposits $ 199,701 $ 83,603 $ 116,304 $ 199,907 Federal Home Loan Bank advances 26,635 27,265 27,265 Advances by borrowers for taxes and insurance 699 699 699 Accrued interest payable 32 32 32
Schedule of Related Party Transactions [Table Text Block]	Loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) at June 30, 2016 and 2015 are summarized as follows: (in thousands) 2016 2015 Outstanding principal, beginning of year $ 1,393 $ 1,265 Changes in composition of related parties (288) 157 Principal disbursed during the year — 146 Principal repaid and refinanced during the year (62) (175) Outstanding principal, end of year $ 1,043 $ 1,393

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Jun. 30, 2016
Investment Securities [Table Text Block]	The following table summarizes the amortized cost and fair value of the available for sale securities and held to maturity investment securities portfolio at June 30, 2016 and 2015 and the corresponding amounts of gross unrealized or unrecognized gains and losses. Unrealized gains or losses apply to available-for-sale securities and are recognized in accumulated other comprehensive income, while unrecognized gains or losses on held-to-maturity securities are not recognized in the financial statements. The gains and losses are as follows: 2016 Gross Gross unrealized/ unrealized/ Amortized unrecognized unrecognized Estimated (in thousands) cost gains losses fair value Available-for-sale Securities Agency mortgage-backed:residential $ 79 $ 2 $ - $ 81 FHLMC stock 8 45 - 53 $ 87 $ 47 $ - $ 134 Held-to-maturity Securities Agency mortgage-backed: residential $ 2,048 $ 70 $ - $ 2,118 Agency bonds 2,031 2 - 2,033 $ 4,079 $ 72 $ - $ 4,151 2015 Gross Gross unrealized/ unrealized/ Amortized unrecognized unrecognized Estimated (in thousands) cost gains losses fair value Available-for-sale Securities Agency mortgage-backed:residential $ 94 $ 2 $ - $ 96 FHLMC stock 8 55 - 63 $ 102 $ 57 $ - $ 159 Held-to-maturity Securities Agency mortgage-backed: residential $ 2,821 $ 112 $ 2 $ 2,931 Agency bonds 3,602 2 1 3,603 $ 6,423 $ 114 $ 3 $ 6,534
Held-to-maturity Securities [Table Text Block]	The amortized cost and estimated fair value of debt securities as of June 30, 2016, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities without a single maturity, primarily mortgage-backed, are not shown. (in thousands) Amortized Cost Fair Value Held to maturity: Within one year $ 2,031 $ 2,033

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule Of Classification Of Loans Receivable [Table Text Block]	The composition of the loan portfolio at June 30 was as follows: (in thousands) 2016 2015 Residential real estate One- to four-family $ 186,125 $ 191,721 Multi-family 15,559 16,621 Construction 2,809 3,780 Land 1,186 2,021 Farm 1,735 1,567 Nonresidential real estate 27,138 22,118 Commercial and industrial 1,847 1,782 Consumer and other Loans on deposits 1,813 2,262 Home equity 6,155 5,477 Automobile 69 73 Unsecured 552 605 244,988 248,027 Undisbursed portion of loans in process (5,118) (2,753) Deferred loan origination costs, net 113 109 Allowance for loan losses (1,515) (1,568) $ 238,468 $ 243,815
Schedule Of Impaired Loans Receivable Additional Information [Table Text Block]	The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio class and based on impairment method as of June 30, 2016 and 2015. There were $ 2.3 3.5 June 30, 2016: Loans acquired with Ending Loans deteriorated Ending allowance individually credit loans attributed to Unallocated Total (in thousands) evaluated quality* balance loans allowance allowance Loans individually evaluated for impairment: Residential real estate: One- to four-family $ 3,400 $ 2,146 $ 5,546 $ — $ — $ — Nonresidential real estate — 164 164 — — — 3,400 2,310 5,710 — — — Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 180,579 $ 862 $ — $ 862 Multi-family 15,559 192 — 192 Construction 2,809 5 — 5 Land 1,186 2 — 2 Farm 1,735 3 — 3 Nonresidential real estate 26,974 217 — 217 Commercial and industrial 1,847 18 — 18 Consumer and other Loans on deposits 1,813 4 — 4 Home equity 6,155 11 — 11 Automobile 69 — — — Unsecured 552 1 — 1 Unallocated — — 200 200 239,278 1,315 200 1,515 $ 244,988 $ 1,315 $ 200 $ 1,515 *These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. June 30, 2015: Loans acquired with Ending Loans deteriorated Ending allowance individually credit loans attributed to Unallocated Total (in thousands) evaluated quality* balance loans allowance allowance Loans individually evaluated for impairment: Residential real estate: One- to four-family $ 1,743 $ 2,565 $ 4,308 $ — $ — $ — Land 476 381 857 — — — Nonresidential real estate 241 526 767 — — — Consumer and other: Home equity 28 — 28 — — — Unsecured 18 — 18 — — — 2,506 3,472 5,978 — — — Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 187,413 $ 1,059 $ — $ 1,059 Multi-family 16,621 94 — 94 Construction 3,780 21 — 21 Land 1,164 7 — 7 Farm 1,567 9 — 9 Nonresidential real estate 21,351 121 — 121 Commercial and industrial 1,782 10 — 10 Consumer and other Loans on deposits 2,262 13 — 13 Home equity 5,449 31 — 31 Automobile 73 — — — Unsecured 587 3 — 3 Unallocated — — 200 200 242,049 1,368 200 1,568 $ 248,027 $ 1,368 $ 200 $ 1,568 *These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition.
Impaired Financing Receivables [Table Text Block]	June 30, 2016: Unpaid Principal Allowance Balance and for Loan Average Interest Cash Basis Recorded Losses Recorded Income Income (in thousands) Investment Allocated Investment Recognized Recognized With no related allowance recorded: Residential real estate: One- to four-family $ 5,546 $ — $ 5,135 $ 70 $ 70 Land — — 330 27 27 Nonresidential real estate 164 — 401 — — Commercial and industrial — — — — — Consumer and other: Unsecured — — 7 — — Total $ 5,710 $ — $ 5,873 $ 97 $ 97 June 30, 2015: Unpaid Principal Allowance Balance and for Loan Average Interest Cash Basis Recorded Losses Recorded Income Income (in thousands) Investment Allocated Investment Recognized Recognized With no related allowance recorded: Residential real estate: One- to four-family $ 4,308 $ — $ 4,075 $ 84 $ 84 Land 857 — 554 31 31 Nonresidential real estate 767 — 618 26 26 Commercial and industrial — — 19 6 6 Consumer and other Home equity 28 — 28 — — Unsecured 18 — 7 — — Total $ 5,978 $ — $ 5,301 $ 147 $ 147
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	June 30, 2016 June 30, 2015 Loans Past Loans Past Due Over 90 Due Over 90 Days Still Days Still (in thousands) Nonaccrual Accruing Nonaccrual Accruing One- to four-family residential real estate $ 4,785 $ 2,166 $ 4,331 $ 1,745 Nonresidential real estate 173 — 410 — Consumer 11 — 26 — $ 4,969 $ 2,166 $ 4,767 $ 1,745
Schedule Of Troubled Debt Restructurings Modified Terms [Table Text Block]	The following table presents loans classified as TDRs as of June 30, 2016 and 2015, and their performance, by modification type: Pre- Post- TDRs Not Modification Modification TDRs Performing Outstanding Outstanding Performing to Number Recorded Recorded to Modified Modified (Dollars in thousands) of Loans Investment Investment Terms Terms June 30, 2016: Residential Real Estate: 1-4 Family 35 $ 2,136 $ 1,835 $ 1,318 $ 517 June 30, 2015 Residential Real Estate: 1-4 Family 38 $ 2,110 $ 1,851 $ 1,710 $ 141
Past Due Financing Receivables [Table Text Block]	June 30, 2016: Greater Loans than 90 Total Not 30-89 Days Days Past Past Past (in thousands) Past Due Due Due Due Total Residential real estate: One-to four-family $ 5,712 $ 4,377 $ 10,089 $ 176,036 $ 186,125 Multi-family — — — 15,559 15,559 Construction 548 — 548 2,261 2,809 Land — — — 1,186 1,186 Farm — — — 1,735 1,735 Nonresidential real estate — 153 153 26,985 27,138 Commercial and industrial — — — 1,847 1,847 Consumer and other: Loans on deposits — — — 1,813 1,813 Home equity 37 — 37 6,118 6,155 Automobile — — — 69 69 Unsecured 9 — 9 543 552 Total $ 6,306 $ 4,530 $ 10,836 $ 234,152 $ 244,988 June 30, 2015: Greater than 90 Total Loans 30-89 Days Days Past Not Past (in thousands) Past Due Past Due Due Due Total Residential real estate: One-to four-family $ 5,129 $ 3,233 $ 8,362 $ 183,359 $ 191,721 Multi-family — — — 16,621 16,621 Construction — — — 3,780 3,780 Land 344 262 606 1,415 2,021 Farm — — — 1,567 1,567 Nonresidential real estate 142 388 530 21,588 22,118 Commercial and industrial — — — 1,782 1,782 Consumer and other: Loans on deposits — — — 2,262 2,262 Home equity 20 — 20 5,457 5,477 Automobile — — — 73 73 Unsecured 13 18 31 574 605 Total $ 5,648 $ 3,901 $ 9,549 $ 238,478 $ 248,027
Financing Receivable Credit Quality Indicators [Table Text Block]	June 30, 2016: Special Not (in thousands) Pass Mention Substandard Doubtful rated Residential real estate: One- to four-family $ — $ 6,387 $ 11,970 $ — $ 167,768 Multi-family 15,220 — 339 — — Construction 2,809 — — — — Land 1,186 — — — — Farm 1,735 — — — — Nonresidential real estate 26,061 904 173 — — Commercial and industrial 1,817 30 — — — Consumer and other: Loans on deposits 1,813 — — — — Home equity 6,149 — 6 — — Automobile 69 — — — — Unsecured 552 — — — — Total $ 57,411 $ 7,321 $ 12,488 $ — $ 167,768 June 30, 2015: Special Not (in thousands) Pass Mention Substandard Doubtful rated Residential real estate: One- to four-family $ — $ 6,914 $ 9,371 $ — $ 175,436 Multi-family 16,621 — — — — Construction 3,780 — — — — Land 1,164 — 857 — — Farm 1,567 — — — — Nonresidential real estate 20,198 1,131 789 — — Commercial and industrial 1,750 32 — — — Consumer and other: Loans on deposits 2,262 — — — — Home equity 5,448 — 29 — — Automobile 73 — — — — Unsecured 605 — — — — Total $ 53,468 $ 8,077 $ 11,046 $ — $ 175,436
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The activity in the allowance for loan losses is summarized as follows for the years ended June 30: (in thousands) 2016 2015 Balance at beginning of year $ 1,568 $ 1,473 Provision for losses on loans 15 343 Charge-offs, net (68) (248) Balance at end of year $ 1,515 $ 1,568 The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended June 30, 2016 and 2015: June 30, 2016: Provision Beginning for loan Loans Ending (in thousands) balance losses charged off Recoveries balance Residential real estate: One- to four-family $ 1,059 $ (129) $ (80) $ 12 $ 862 Multi-family 94 98 — — 192 Construction 21 (16) — — 5 Land 7 (5) — — 2 Farm 9 (6) — — 3 Nonresidential real estate 121 96 — — 217 Commercial and industrial 10 8 — — 18 Consumer and other: Loans on deposits 13 (9) — — 4 Home equity 31 (20) — — 11 Automobile — — — — — Unsecured 3 (2) — — 1 Unallocated 200 — — — 200 Totals $ 1,568 $ 15 $ (80) $ 12 $ 1,515 June 30, 2015: Provision Beginning for loan Loans Ending (in thousands) balance losses charged off Recoveries balance Residential real estate: One- to four-family $ 999 $ 307 $ (274) $ 26 $ 1,058 Multi-family 74 19 — — 93 Construction 11 10 — — 21 Land 10 (1) — — 9 Farm 9 — — — 9 Nonresidential real estate 114 7 — — 121 Commercial and industrial 11 (1) — — 10 Consumer and other: Loans on deposits 14 (1) — — 13 Home equity 28 3 — — 31 Automobile — — — — — Unsecured 3 — — — 3 Unallocated 200 — — — 200 Totals $ 1,473 $ 343 $ (274) $ 26 $ 1,568
Certain Loans Acquired In Transfer Accounted For As Debt Securities [Table Text Block]	The Company purchased loans during the fiscal year ended June 30, 2013 for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount of those loans, net of a credit quality component of $ 464,000 616,000 (in thousands) 2016 2015 Residential real estate: One- to four-family $ 2,146 $ 2,565 Land — 381 Nonresidential real estate 164 526 Outstanding balance $ 2,310 $ 3,472
Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Table Text Block]	Accretable yield, or income expected to be collected, for the years ended June 30 was as follows: (in thousands) 2016 2015 Balance at beginning of year $ 1,021 $ 1,478 Accretion of income (164) (457) Reclassifications from nonaccretable difference 124 — Disposals — — Balance at end of year $ 981 $ 1,021

REAL ESTATE OWNED (Tables)

REAL ESTATE OWNED (Tables)	12 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Other Real Estate, Roll Forward [Table Text Block]	(in thousands) 2016 2015 Balance at beginning of year $ 1,593 $ 1,846 Loans transferred to real estate owned 421 2,065 Capitalized expenditures 152 57 Valuation adjustments (151) (87) Disposals (1,488) (2,288) Balance at end of year $ 527 $ 1,593

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Premises and equipment at June 30 are comprised of the following: (in thousands) 2016 2015 Land $ 1,693 $ 1,693 Buildings and improvements 8,005 7,104 Furniture and equipment 1,939 2,219 Automobiles 64 64 11,701 11,080 Less: accumulated depreciation 5,679 5,845 Balance at end of year $ 6,022 $ 5,235

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule Of Deposit Liabilities Disclosures [Table Text Block]	(in thousands) 2016 2015 Non-interest bearing checking accounts $ 3,989 $ 4,073 Checking accounts 14,456 14,904 Savings accounts 50,169 51,371 Money market demand deposits 13,200 13,255 Total demand, transaction and passbook deposits 81,814 83,603 Certificates of deposit: Original maturities of: Less than 12 months 75,007 75,856 12 months to 36 months 20,083 35,616 More than 36 months 11,668 4,626 Total certificates of deposit 106,758 116,098 Total deposits $ 188,572 $ 199,701
Schedule Of Certificates Of Deposit Fiscal Year Maturity [Table Text Block]	Maturities of outstanding certificates of deposit at June 30 are summarized as follows: (in thousands) 2016 2017 $ 72,413 2018 23,129 2019 4,176 2020 3,052 2021 and thereafter 3,988 $ 106,758

ADVANCES FROM THE FEDERAL HOM28

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Tables)	12 Months Ended
	Jun. 30, 2016
Federal Home Loan Banks [Abstract]
Federal Home Loan Bank, Advances [Table Text Block]	Advances from the Federal Home Loan Bank, collateralized at June 30, 2016 and 2015 by pledges of certain residential mortgage loans totaling $40.3 million and $35.2 million, respectively, and the Banks’ investment in Federal Home Loan Bank stock, are summarized as follows: Maturing year ended June 30, 2016 (in thousands) 2017 $ 26,931 2018 2,328 2019 3,249 2020 189 2021 142 2022 107 2023 79 2024-2032 186 $ 33,211 At June 30, 2016 interest rates for advances were fixed ranging from 0.43% to 6.35%, with a weighted-average interest rate of 0.93%. Maturing year ended June 30, 2015 (in thousands) 2016 $ 13,923 2017 6,431 2018 2,328 2019 3,249 2020 189 2021 142 2022 107 2023-2032 266 $ 26,635

FEDERAL INCOME TAXES (Tables)

FEDERAL INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Federal income taxes on earnings differs from that computed at the statutory corporate tax rate for the years ended June 30, 2016 and 2015, as follows: (in thousands) 2016 2015 Federal income taxes at the statutory rate $ 713 $ 1,051 Increase (decrease) resulting primarily from: Cash surrender value of life insurance (32) (31) FIN 48 reserve recognition (87) — Other 2 1 $ 596 $ 1,021
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The composition of the Company’s net deferred tax liability at June 30 is as follows: (in thousands) 2016 2015 Taxes (payable) refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 515 $ 533 Deferred compensation and benefits 156 243 Charitable contributions 1 1 Fair value accounting adjustments on acquisition 510 604 Nonaccrued interest on loans 135 129 Other real estate owned adjustments 233 254 Depreciation 13 — Other — 15 Total deferred tax assets 1,563 1,779 Deferred tax liabilities: Federal Home Loan Bank stock dividends (1,337) (1,337) Deferred loan origination costs (39) (26) Loan servicing rights (32) (29) Fair value accounting adjustments on acquisition (779) (795) Unrealized gain on investments (15) (19) Depreciation — (62) Other (3) — Total deferred tax liabilities (2,205) (2,268) Net deferred tax liability $ (642) $ (489)
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (in thousands) 2016 2015 Balance at beginning of year $ 87 $ 87 Additions/(reductions) based on tax positions for the current year (87) — Balance at end of year $ — $ 87

LOAN COMMITMENTS (Tables)

LOAN COMMITMENTS (Tables)	12 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Unused Commitments [Table Text Block]	At June 30, 2016 and 2015, the Banks had the following outstanding loan commitments: 2016 2015 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ — $ 8,847 $ — $ 8,153 Commitments to fund real estate construction loans 1,609 3,311 715 2,974 Other unused commitment: Commercial and industrial loans 1,082 — 1,299 — Other 1,102 1,908 631 415 Letters of credit — — — —

STOCKHOLDERS' EQUITY AND REGU31

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL (Tables)	12 Months Ended
	Jun. 30, 2016
Banking and Thrift [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	To be categorized as “well-capitalized” the Banks must maintain minimum capital ratios as set forth in the following tables: As of June 30, 2016 Minimum Requirement Minimum To be “Well- Requirement Capitalized” Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Risk-based capital: Common Equity Tier 1 capital ratio Kentucky First Federal $ 52,977 31.4 % $ 7,597 4.5 % N/A N/A First Federal of Hazard 18,035 50.1 1,618 4.5 $ 2,338 6.5 % First Federal of Kentucky 30,448 22.8 6,016 4.5 8,689 6.5 Tier 1 (core) capital ratio Kentucky First Federal 52,977 31.4 10,129 6.0 N/A N/A First Federal of Hazard 18,035 50.1 2,158 6.0 2,877 8.0 First Federal of Kentucky 30,448 22.8 8,021 6.0 10,694 8.0 Total capital ratio Kentucky First Federal 54,512 32.3 13,506 8.0 N/A N/A First Federal of Hazard 18,486 51.4 2,877 8.0 3,597 10.0 First Federal of Kentucky 31,412 23.5 10,694 8.0 13,368 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 52,977 19.0 11,183 4.0 N/A N/A First Federal of Hazard 18,035 24.7 2,927 4.0 3,658 5.0 First Federal of Kentucky 30,448 14.2 8,584 4.0 10,730 5.0 As of June 30, 2015 Minimum Requirement Minimum To be “Well- Requirement Capitalized” Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Risk-based capital: Common Equity Tier 1 capital ratio Kentucky First Federal $ 52,768 31.9 % $ 7,443 4.5 % N/A N/A First Federal of Hazard 16,478 43.8 1,694 4.5 $ 2,447 6.5 % First Federal of Kentucky 32,104 25.1 5,763 4.5 8,324 6.5 Tier 1 (core) capital ratio Kentucky First Federal 52,768 31.9 9,923 6.0 N/A N/A First Federal of Hazard 16,478 43.8 2,259 6.0 3,012 8.0 First Federal of Kentucky 32,104 25.1 7,684 6.0 10,245 8.0 Total capital ratio Kentucky First Federal 54,386 32.9 13,231 8.0 N/A N/A First Federal of Hazard 16,950 45.0 3,012 8.0 3,765 10.0 First Federal of Kentucky 33,101 25.9 10,245 8.0 12,806 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 52,768 18.7 11,312 4.0 N/A N/A First Federal of Hazard 16,478 21.8 3,023 4.0 3,779 5.0 First Federal of Kentucky 32,104 14.9 8,645 4.0 10,807 5.0

CONDENSED FINANCIAL STATEMENT32

CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP (Tables)	12 Months Ended
	Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]	The following condensed financial statements summarize the financial position of Kentucky First Federal Bancorp as of June 30, 2016 and 2015, and the results of its operations and its cash flows for the fiscal years ended June 30, 2016 and 2015. KENTUCKY FIRST FEDERAL BANCORP BALANCE SHEETS June 30, 2016 and 2015 (In thousands) 2016 2015 ASSETS Interest-bearing deposits in First Federal of Hazard $ 539 $ 572 Interest-bearing deposits in First Federal of Kentucky 1,391 985 Other interest-bearing deposits 18 15 Investment in First Federal of Hazard 18,216 17,795 Investment in Frankfort First 46,824 47,539 Prepaid expenses and other assets 564 580 Total assets $ 67,552 $ 67,486 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 37 $ 173 Total liabilities 37 173 Shareholders’ equity Common stock 86 86 Additional paid-in capital 34,639 34,638 Retained earnings 34,732 34,711 Unearned employee stock ownership plan (ESOP) (1,036) (1,223) Treasury shares at cost, 112,563 common shares at June 30, 2016 and 2015 (937) (937) Accumulated other comprehensive income 31 38 Total shareholders’ equity 67,515 67,313 Total liabilities and shareholders’ equity $ 67,552 $ 67,486
Condensed Income Statement [Table Text Block]	KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF INCOME Years ended June 30, 2016 and 2015 (Dollar amounts in thousands) 2016 2015 Income Interest income $ 86 $ 99 Dividends from First Federal of Hazard — — Equity in undistributed (excess distributed) earnings of First Federal of Hazard 186 354 Dividends from Frankfort First 2,057 1,612 Equity in undistributed earnings of Frankfort First (493) 370 Total income 1,836 2,435 Non-interest expenses 462 495 Earnings before income taxes 1,374 1,940 Federal income tax expense (benefit) (127) (129) NET INCOME $ 1,501 $ 2,069
Condensed Cash Flow Statement [Table Text Block]	KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF CASH FLOWS For Years ended June 30, 2016 and 2015 (Dollar amounts in thousands) 2016 2015 Cash flows from operating activities: Net earnings for the year $ 1,501 $ 2,069 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries 307 (815) Noncash compensation expense 188 187 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets (4) 59 Other liabilities (136) 140 Net cash provided by operating activities 1,856 1,640 2016 2015 Cash flows from financing activities: Dividends paid on common stock (1,480) (1,385) Repurchase of treasury shares — (698) Net cash used in financing activities (1,480) (2,083) Net increase (decrease) in cash and cash equivalents 376 (443) Cash and cash equivalents at beginning of year 1,572 2,015 Cash and cash equivalents at end of year $ 1,948 $ 1,572

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Allocated shares	125,411	132,058
Shares committed to be released	9,338	9,338
Unearned shares	103,636	122,311
Total ESOP shares	238,385	263,707
Fair value of unearned shares at End of period (dollars in thousands)	$ 850	$ 1,025

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares,Outstanding at beginning of year | shares | shares	325,800
Shares, Granted | shares | shares	0
Shares, Exercised | shares | shares	0
Shares, Expired/Forfeited | shares | shares	325,800
Shares, Outstanding at end of year | shares | shares	0
Shares, Options exercisable at end of year | shares | shares	0
Weighted-average exercise price, Outstanding at beginning of year (in dollars per share) | $ / shares	$ 10.10
Weighted-average exercise price, Granted (in dollars per share) | $ / shares	0
Weighted-average exercise price, Exercised (in dollars per share) | $ / shares	0
Weighted-average exercise price, Expired/Forfeited (in dollars per share) | $ / shares	10.10
Weighted-average exercise price, Outstanding at end of year (in dollars per share) | $ / shares	0
Weighted-average exercise price, Options exercisable at end of year (in dollars per share) | $ / shares	$ 0
Aggregate Intrinsic Value, Outstanding at end of year (in dollars) | $ | $	$ 0
Aggregate Intrinsic Value, Options exercisable at end of year (in dollars) | $ | $	$ 0

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income allocated to common shareholders, basic and diluted	$ 1,501	$ 2,069
Basic
Weighted-average common shares outstanding	8,324,195	8,348,785
Diluted
Weighted-average common shares outstanding (diluted)	8,324,195	8,348,785

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	$ 134	$ 159
Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	53	63
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Fair Value, Inputs, Level 1 [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	134	159
Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	53	63
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Fair Value, Inputs, Level 3 [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Residential Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	81	96
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	81	96
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	$ 134	$ 159
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	134	159
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Other Real Estate Owned [Member] | Residential Real Estate One To Four Family [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	274	525
Other Real Estate Owned [Member] | Residential Real Estate One To Four Family [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Other Real Estate Owned [Member] | Residential Real Estate One To Four Family [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Other Real Estate Owned [Member] | Residential Real Estate One To Four Family [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	274	525
Other Real Estate Owned [Member] | Residential Real Estate Land [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	79	15
Other Real Estate Owned [Member] | Residential Real Estate Land [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Other Real Estate Owned [Member] | Residential Real Estate Land [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	0	0
Other Real Estate Owned [Member] | Residential Real Estate Land [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Total	$ 79	$ 15

SUMMARY OF SIGNIFICANT ACCOUN38

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) - Repossessed Assets [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Residential Real Estate One To Four Family [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impaired Loans, Fair value	$ 274	$ 525
Valuation Technique(s)	Sales comparison approach	Sales comparison approach
Unobservable Input(s)	Adjustments for differences between comparable sales	Adjustments for differences between comparable sales
Range (Weighted Average)	(5.10%)	2.90%
Residential Real Estate One To Four Family [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	15.20%	11.70%
Residential Real Estate One To Four Family [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	(24.00%)	1.50%
Residential Real Estate Land [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impaired Loans, Fair value	$ 79	$ 15
Valuation Technique(s)	Sales comparison approach	Sales comparison approach
Unobservable Input(s)	Adjustments for differences between comparable sales	Adjustments for differences between comparable sales
Range (Weighted Average)	5.00%	20.80%
Residential Real Estate Land [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	6.60%	38.90%
Residential Real Estate Land [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	3.50%	20.20%

SUMMARY OF SIGNIFICANT ACCOUN39

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 6) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Financial assets
Cash and cash equivalents, Carrying Value	$ 13,108	$ 13,635	$ 11,511
Term deposits in other financial institutions, Carrying Value	3,711	0
Available-for-sale securities, Carrying Value	134	159
Held-to-maturity securities, Carrying Value	4,079	6,423
Loans held for sale, Carrying Value		100
Loans receivable - net, Carrying Value	238,468	243,815
Federal Home Loan Bank stock, Carrying Value	6,482	6,482
Accrued interest receivable, Carrying Value	710	725
Cash and Cash Equivalents, Fair Value	13,108	13,635
Term deposits in other financial institutions, Fair Value	3,711
Available For Sale Securities, Fair Value	134	159
Held-To-Maturity Securities, Fair Value	4,151	6,534
Loans Held-for-sale, Fair Value		101
Loans receivable - net, Fair Value	242,456	248,265
Accrued interest receivable, Fair Value	710	725
Financial liabilities
Deposits, Carrying Value	188,572	199,701
Federal Home Loan Bank advances, Carrying Value	33,211	26,635
Advances by borrowers for taxes and insurance, Carrying Value	741	699
Accrued interest payable, Carrying Value	22	32
Deposits, Fair Value	188,634	199,907
Federal Home Loan Bank advances, Fair Value	33,517	27,265
Advances by borrowers for taxes and insurance, Fair Value	741	699
Accrued interest payable, Fair Value	22	32
Fair Value, Inputs, Level 1 [Member]
Financial assets
Available-for-sale securities, Carrying Value	0	0
Cash and Cash Equivalents, Fair Value	13,108	13,635
Term deposits in other financial institutions, Fair Value	3,711
Financial liabilities
Deposits, Fair Value	81,814	83,603
Fair Value, Inputs, Level 2 [Member]
Financial assets
Available-for-sale securities, Carrying Value	134	159
Available For Sale Securities, Fair Value	134	159
Held-To-Maturity Securities, Fair Value	4,151	6,534
Loans Held-for-sale, Fair Value		101
Accrued interest receivable, Fair Value	21	27
Financial liabilities
Deposits, Fair Value	106,820	116,304
Federal Home Loan Bank advances, Fair Value	33,517	27,265
Advances by borrowers for taxes and insurance, Fair Value	741	699
Accrued interest payable, Fair Value	22	32
Fair Value, Inputs, Level 3 [Member]
Financial assets
Available-for-sale securities, Carrying Value	0	0
Loans receivable - net, Fair Value	242,456	248,265
Accrued interest receivable, Fair Value	$ 689	$ 698

SUMMARY OF SIGNIFICANT ACCOUN40

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Related Party Transaction [Line Items]
Outstanding principal, beginning of year	$ 4,200
Outstanding principal, end of year	2,700	$ 4,200
Management [Member]
Related Party Transaction [Line Items]
Outstanding principal, beginning of year	1,393	1,265
Changes in composition of related parties	(288)	157
Principal disbursed during the year	0	146
Principal repaid and refinanced during the year	(62)	(175)
Outstanding principal, end of year	$ 1,043	$ 1,393

SUMMARY OF SIGNIFICANT ACCOUN41

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Mortgage Loans on Real Estate, Periodic Payment Terms	30
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group		$ 100,000
Amortization of Mortgage Servicing Rights (MSRs)	$ 12,000	14,000
Proceeds from Sale of Mortgage Servicing Rights (MSR)	11,700,000	11,900,000
Loan Sold Under Fhlb Program	1,200,000
Bank Servicing Fees	21,000	20,000
Average Loan Serviced	$ 12,000,000
Mortgage Loans On Real Estate Borrowing Capacity Percentage	95.00%
Loans And Leases Receivable Consumer Home Equity Borrowing Capacity Percentage	80.00%
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 4,000	15,000
Deferred Compensation Liability, Current and Noncurrent	61,000	177,000
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount	1,400,000	1,600,000
Employee Stock Ownership Plan (Esop), Compensation Expense	$ 188,000	$ 154,000
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	103,636	122,311
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 280,000	$ 280,000
SEC Schedule III, Real Estate, Write-down or Reserve, Amount	145,000	54,000
SEC Schedule III, Real Estate, Gross	353,000	540,000
Other Real Estate, Valuation Adjustments	151,000	87,000
Due to Related Parties	$ 2,700,000	$ 4,200,000
Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	421,216
Employee Stock Ownership Plan [Member]
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	98,588	73,266
First Federal of Hazard [Member]
Defined Benefit Plan, Funded Percentage		93.80%
First Federal of Frankfort [Member]
Defined Benefit Plan, Funded Percentage		101.40%
Pentegra Db Plan [Member]
Multiemployer Plans, Plan Contributions		$ 163,100,000	$ 190,800,000
Multiemployer Plans, Collective-Bargaining Arrangement, Percentage of Contributions	5.00%	5.00%
Pension and Other Postretirement Benefit Expense	$ 558,000	$ 227,000
Construction Loans [Member]
Mortgage Loans On Real Estate Alternate Borrowing Capacity Percentage	80.00%
Mortgage Servicing Rights [Member]
Interest and Fee Income, Loans Held-for-sale, Mortgages	$ 94,000	$ 96,000
First Mortgage [Member]
Mortgage Loans On Real Estate Alternate Borrowing Capacity Percentage	90.00%
Multi Family and Nonresidential Loans [Member]
Mortgage Loans on Real Estate, Periodic Payment Terms	25
Mortgage Loans On Real Estate Alternate Borrowing Capacity Percentage	80.00%
Loans To Qualified Borrowers [Member]
Loans And Leases Receivable Consumer Home Equity Borrowing Capacity Percentage	90.00%
Loans Secured By Savings [Member]
Loans And Leases Receivable Consumer Home Equity Borrowing Capacity Percentage	90.00%

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	$ 87	$ 102
Available-for-sale Securities, Gross unrealized/ unrecognized gains	47	57
Available-for-sale Securities, Gross unrealized/ unrecognized Losses	0	0
Available-for-sale Securities, Estimated fair value	134	159
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost	4,079	6,423
Held-to-maturity Securities, Gross unrealized/ unrecognized gains	72	114
Held-to-maturity Securities, Gross unrealized/ unrecognized losses	0	3
Held-to-maturity Securities, Estimated fair value	4,151	6,534
Agency mortgage-backed:residential [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	79	94
Available-for-sale Securities, Gross unrealized/ unrecognized gains	2	2
Available-for-sale Securities, Gross unrealized/ unrecognized Losses	0	0
Available-for-sale Securities, Estimated fair value	81	96
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost	2,048	2,821
Held-to-maturity Securities, Gross unrealized/ unrecognized gains	70	112
Held-to-maturity Securities, Gross unrealized/ unrecognized losses	0	2
Held-to-maturity Securities, Estimated fair value	2,118	2,931
FHLMC stock [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	8	8
Available-for-sale Securities, Gross unrealized/ unrecognized gains	45	55
Available-for-sale Securities, Gross unrealized/ unrecognized Losses	0	0
Available-for-sale Securities, Estimated fair value	53	63
Agency bonds [Member]
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost	2,031	3,602
Held-to-maturity Securities, Gross unrealized/ unrecognized gains	2	2
Held-to-maturity Securities, Gross unrealized/ unrecognized losses	0	1
Held-to-maturity Securities, Estimated fair value	$ 2,033	$ 3,603

SECURITIES (Details 1)

SECURITIES (Details 1) - US Government Agencies Short-term Debt Securities [Member] $ in Thousands	Jun. 30, 2016USD ($)
Held to maturity, Amortized Cost
Amortized Cost, Within one year	$ 2,031
Held to maturity, Fair Value
Fair Value, Within one year	$ 2,033

SECURITIES (Details Textual)

SECURITIES (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2016
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Securities Held as Collateral, at Fair Value	$ 1,200,000
Unrealized Gain (Loss) on Securities	3,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ 2,200,000	$ 2,200,000
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Securities Held as Collateral, at Fair Value		$ 500,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable, Recorded Investment [Line Items]
Construction	$ 2,809	$ 3,780
Land	1,186	2,021
Farm	1,735	1,567
Nonresidential real estate	27,138	22,118
Consumer and other, Loans on deposits	1,813	2,262
Consumer and other, Home equity	6,155	5,477
Consumer and other, Automobile	69	73
Consumer and other, Unsecured	552	605
Loans Receivable, Recorded Investment	244,988	248,027
Undisbursed portion of loans in process	(5,118)	(2,753)
Deferred loan origination costs, net	113	109
Allowance for loan losses	(1,515)	(1,568)	$ (1,473)
Loans receivable - net, Carrying Value	238,468	243,815
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial and industrial	1,847	1,782
Residential Real Estate One To Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	186,125	191,721
Allowance for loan losses	(862)	(1,059)	(999)
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	15,559	16,621
Allowance for loan losses	$ (192)	$ (94)	$ (74)

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated		$ 3,400	$ 2,506
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]	2,310	3,472
Loans individually evaluated for impairment, Total allowance		0	0
Loans collectively evaluated for impairment, Total allowance		1,515	1,568
Allowance for loan losses		1,515	1,568	$ 1,473
Consumer and other Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated			28
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]		0
Loans individually evaluated for impairment, Total allowance			0
Consumer And Other unsecured [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated			18
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]		0
Loans individually evaluated for impairment, Total allowance			0
Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		0	0
Loans collectively evaluated for impairment, Ending loans balance		1,315	1,368
Allowance for loan losses		1,315	1,368
Ending allowance attributed to loans [Member] | Consumer and other Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance			0
Ending allowance attributed to loans [Member] | Consumer And Other unsecured [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance			0
Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		5,710	5,978
Loans collectively evaluated for impairment, Ending loans balance		239,278	242,049
Allowance for loan losses		244,988	248,027
Ending loans balance [Member] | Consumer and other Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance			28
Ending loans balance [Member] | Consumer And Other unsecured [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance			18
Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance		0	0
Loans collectively evaluated for impairment, Total allowance		200	200
Allowance for loan losses		200	200
Unallocated Allowance [Member] | Consumer and other Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance			0
Unallocated Allowance [Member] | Consumer And Other unsecured [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance			0
Residential Real Estate One To Four Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated		3,400	1,743
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]	2,146	2,565
Loans individually evaluated for impairment, Total allowance		0	0
Loans collectively evaluated for impairment, Total allowance		862	1,059
Allowance for loan losses		862	1,059	999
Residential Real Estate One To Four Family [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		0	0
Loans collectively evaluated for impairment, Ending loans balance		862	1,059
Residential Real Estate One To Four Family [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		5,546	4,308
Loans collectively evaluated for impairment, Ending loans balance		180,579	187,413
Residential Real Estate One To Four Family [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance		0	0
Loans collectively evaluated for impairment, Total allowance		0	0
Residential Real Estate Multi Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		192	94
Allowance for loan losses		192	94	74
Residential Real Estate Multi Family [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		192	94
Residential Real Estate Multi Family [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		15,559	16,621
Residential Real Estate Multi Family [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Residential Real Estate Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		5	21
Allowance for loan losses		5	21	11
Residential Real Estate Construction [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		5	21
Residential Real Estate Construction [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		2,809	3,780
Residential Real Estate Construction [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated			476
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]		381
Loans individually evaluated for impairment, Total allowance			0
Loans collectively evaluated for impairment, Total allowance		2	7
Allowance for loan losses		2	7	10
Land [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance			0
Loans collectively evaluated for impairment, Ending loans balance		2	7
Land [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance			857
Loans collectively evaluated for impairment, Ending loans balance		1,186	1,164
Land [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance			0
Loans collectively evaluated for impairment, Total allowance		0	0
Farm [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		3	9
Allowance for loan losses		3	9	9
Farm [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		3	9
Farm [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		1,735	1,567
Farm [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Non residential real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated		0	241
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]	164	526
Loans individually evaluated for impairment, Total allowance		0	0
Loans collectively evaluated for impairment, Total allowance		217	121
Non residential real estate [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		0	0
Loans collectively evaluated for impairment, Ending loans balance		217	121
Non residential real estate [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		164	767
Loans collectively evaluated for impairment, Ending loans balance		26,974	21,351
Non residential real estate [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance		0	0
Loans collectively evaluated for impairment, Total allowance		0	0
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance			10
Allowance for loan losses		18	10	11
Commercial and industrial [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance			10
Commercial and industrial [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance			1,782
Commercial and industrial [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance			0
Commercial Non-mortgage [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		18
Commercial Non-mortgage [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		18
Commercial Non-mortgage [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		1,847
Commercial Non-mortgage [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0
Loans on deposits [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		4	13
Allowance for loan losses		4	13	14
Loans on deposits [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		4	13
Loans on deposits [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		1,813	2,262
Loans on deposits [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		11	31
Allowance for loan losses		11	31	28
Home equity [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		11	31
Home equity [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		6,155	5,449
Home equity [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Unsecured [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		1	3
Allowance for loan losses		1	3	3
Unsecured [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		1	3
Unsecured [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		552	587
Unsecured [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		200	200
Allowance for loan losses		200	200	200
Unallocated [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		0	0
Unallocated [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		0	0
Unallocated [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		200	200
Automobile [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		0	0
Allowance for loan losses		0	0	$ 0
Automobile [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		0	0
Automobile [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		69	73
Automobile [Member] | Unallocated Allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		$ 0	$ 0
[1]	These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition.

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	$ 5,710	$ 5,978
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance	0	0
Impaired loans, Average Recorded Investment, With No Related Allowance	5,873	5,301
Impaired loans, Interest Income Recognized, With No Related Allowance	97	147
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	97	147
Residential Real Estate One To Four Family [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	5,546	4,308
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance	0	0
Impaired loans, Average Recorded Investment, With No Related Allowance	5,135	4,075
Impaired loans, Interest Income Recognized, With No Related Allowance	70	84
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	70	84
Land [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	0	857
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance	0	0
Impaired loans, Average Recorded Investment, With No Related Allowance	330	554
Impaired loans, Interest Income Recognized, With No Related Allowance	27	31
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	27	31
Commercial and industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	0	0
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance	0	0
Impaired loans, Average Recorded Investment, With No Related Allowance	0	19
Impaired loans, Interest Income Recognized, With No Related Allowance	0	6
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	0	6
Consumer and other Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance		28
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance		0
Impaired loans, Average Recorded Investment, With No Related Allowance		28
Impaired loans, Interest Income Recognized, With No Related Allowance		0
Impaired loans, Cash Basis Income Recognized, With No Related Allowance		0
Consumer and other Unsecured [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	0	18
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance	0	0
Impaired loans, Average Recorded Investment, With No Related Allowance	7	7
Impaired loans, Interest Income Recognized, With No Related Allowance	0	0
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	0	0
Non Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	164	767
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance	0	0
Impaired loans, Average Recorded Investment, With No Related Allowance	401	618
Impaired loans, Interest Income Recognized, With No Related Allowance	0	26
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	$ 0	$ 26

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	$ 4,969	$ 4,767
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	2,166	1,745
One- to four-family residential real estate [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	4,785	4,331
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	2,166	1,745
Nonresidential real estate [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	173	410
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	0	0
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	11	26
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	$ 0	$ 0

LOANS (Details 4)

LOANS (Details 4) - Residential Real Estate One To Four Family [Member] - Troubled Debt Restructuring [Member] $ in Thousands	12 Months Ended
	Jun. 30, 2016USD ($)Loan	Jun. 30, 2015USD ($)Loan
Financing Receivable, Recorded Investment [Line Items]
TDRs, Number of Loans | Loan	35	38
TDRs, Pre Modification Outstanding Recorded Investment	$ 2,136	$ 2,110
TDRs, Post Modification Outstanding Recorded Investment	1,835	1,851
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment	1,318	1,710
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 517	$ 141

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	$ 10,836	$ 9,549
Loans Receivable, Recorded Investment, Loans Not Past Due	234,152	238,478
Loans Receivable, Recorded Investment, Total	244,988	248,027
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	4,530	3,901
Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	6,306	5,648
Residential Real Estate One To Four Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	10,089	8,362
Loans Receivable, Recorded Investment, Loans Not Past Due	176,036	183,359
Loans Receivable, Recorded Investment, Total	186,125	191,721
Residential Real Estate One To Four Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	4,377	3,233
Residential Real Estate One To Four Family [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	5,712	5,129
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans Receivable, Recorded Investment, Loans Not Past Due	15,559	16,621
Loans Receivable, Recorded Investment, Total	15,559	16,621
Residential Real Estate Multi Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Residential Real Estate Multi Family [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Residential Real Estate Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	548	0
Loans Receivable, Recorded Investment, Loans Not Past Due	2,261	3,780
Loans Receivable, Recorded Investment, Total	2,809	3,780
Residential Real Estate Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Residential Real Estate Construction [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	548	0
Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	606
Loans Receivable, Recorded Investment, Loans Not Past Due	1,186	1,415
Loans Receivable, Recorded Investment, Total	1,186	2,021
Land [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	262
Land [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	344
Farm [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans Receivable, Recorded Investment, Loans Not Past Due	1,735	1,567
Loans Receivable, Recorded Investment, Total	1,735	1,567
Farm [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Farm [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Non residential real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	153	530
Loans Receivable, Recorded Investment, Loans Not Past Due	26,985	21,588
Loans Receivable, Recorded Investment, Total	27,138	22,118
Non residential real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	153	388
Non residential real estate [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	142
Commercial nonmortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans Receivable, Recorded Investment, Loans Not Past Due	1,847	1,782
Loans Receivable, Recorded Investment, Total	1,847	1,782
Commercial nonmortgage [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Commercial nonmortgage [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans on deposits [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans Receivable, Recorded Investment, Loans Not Past Due	1,813	2,262
Loans Receivable, Recorded Investment, Total	1,813	2,262
Loans on deposits [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans on deposits [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	37	20
Loans Receivable, Recorded Investment, Loans Not Past Due	6,118	5,457
Loans Receivable, Recorded Investment, Total	6,155	5,477
Home equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Home equity [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	37	20
Unsecured [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	9	31
Loans Receivable, Recorded Investment, Loans Not Past Due	543	574
Loans Receivable, Recorded Investment, Total	552	605
Unsecured [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	18
Unsecured [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	9	13
Automobile [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Loans Receivable, Recorded Investment, Loans Not Past Due	69	73
Loans Receivable, Recorded Investment, Total	69	73
Automobile [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	0	0
Automobile [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans Receivable, Recorded Investment, Total Past Due	$ 0	$ 0

LOANS (Details 6)

LOANS (Details 6) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	$ 244,988	$ 248,027
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	57,411	53,468
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	7,321	8,077
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	12,488	11,046
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	167,768	175,436
Residential Real Estate One To Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	186,125	191,721
Residential Real Estate One To Four Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate One To Four Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,387	6,914
Residential Real Estate One To Four Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	11,970	9,371
Residential Real Estate One To Four Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate One To Four Family [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	167,768	175,436
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	15,559	16,621
Residential Real Estate Multi Family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	15,220	16,621
Residential Real Estate Multi Family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate Multi Family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	339	0
Residential Real Estate Multi Family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate Multi Family [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	2,809	3,780
Residential Real Estate Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	2,809	3,780
Residential Real Estate Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Residential Real Estate Construction [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Non residential real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	26,061	20,198
Non residential real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	904	1,131
Non residential real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	173	789
Non residential real estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Non residential real estate [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,186	2,021
Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,186	1,164
Land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	857
Land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Land [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,735	1,567
Farm [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,735	1,567
Farm [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Farm [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Farm [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Farm [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Loans on deposits [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,813	2,262
Loans on deposits [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,813	2,262
Loans on deposits [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Loans on deposits [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Loans on deposits [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Loans on deposits [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Commercial and industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,817	1,750
Commercial and industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	30	32
Commercial and industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Commercial and industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Commercial and industrial [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,155	5,477
Home equity [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,149	5,448
Home equity [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Home equity [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6	29
Home equity [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Home equity [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	552	605
Unsecured [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	552	605
Unsecured [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Unsecured [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Unsecured [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Unsecured [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Automobile [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	69	73
Automobile [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	69	73
Automobile [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Automobile [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Automobile [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	0	0
Automobile [Member] | Not Rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	$ 0	$ 0

LOANS (Details 7)

LOANS (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Balance at beginning of year	$ 1,568	$ 1,473
Provision for losses on loans	15	343
Charge-offs, net	(68)	(248)
Balance at end of year	$ 1,515	$ 1,568

LOANS (Details 8)

LOANS (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	$ 1,568	$ 1,473
Allowance for Loan and Lease Losses, Provision for loan losses	15	343
Allowance for Loan and Lease Losses, Loans charged off	(80)	(274)
Allowance for Loan and Lease Losses, Recoveries	12	26
Balance at end of year	1,515	1,568
Residential Real Estate One To Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	1,059	999
Allowance for Loan and Lease Losses, Provision for loan losses	(129)	307
Allowance for Loan and Lease Losses, Loans charged off	(80)	(274)
Allowance for Loan and Lease Losses, Recoveries	12	26
Balance at end of year	862	1,059
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	94	74
Allowance for Loan and Lease Losses, Provision for loan losses	98	19
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	192	94
Residential Real Estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	21	11
Allowance for Loan and Lease Losses, Provision for loan losses	(16)	10
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	5	21
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	7	10
Allowance for Loan and Lease Losses, Provision for loan losses	(5)	(1)
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	2	7
Non residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	121	114
Allowance for Loan and Lease Losses, Provision for loan losses	96	7
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	217	121
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	9	9
Allowance for Loan and Lease Losses, Provision for loan losses	(6)	0
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	3	9
Loans on deposits [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	13	14
Allowance for Loan and Lease Losses, Provision for loan losses	(9)	(1)
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	4	13
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	31	28
Allowance for Loan and Lease Losses, Provision for loan losses	(20)	3
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	11	31
Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	3	3
Allowance for Loan and Lease Losses, Provision for loan losses	(2)	0
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	1	3
Unallocated [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	200	200
Allowance for Loan and Lease Losses, Provision for loan losses	0	0
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	200	200
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	10	11
Allowance for Loan and Lease Losses, Provision for loan losses	8	(1)
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	18	10
Automobile [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	0	0
Allowance for Loan and Lease Losses, Provision for loan losses	0	0
Allowance for Loan and Lease Losses, Loans charged off	0	0
Allowance for Loan and Lease Losses, Recoveries	0	0
Balance at end of year	$ 0	$ 0

LOANS (Details 9)

LOANS (Details 9) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance	$ 2,310	$ 3,472
Residential Real Estate One To Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance	2,146	2,565
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance	0	381
Non residential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance	$ 164	$ 526

LOANS (Details 10)

LOANS (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	$ 1,021	$ 1,478
Accretion of income	(164)	(457)
Reclassifications from nonaccretable difference	124	0
Disposals	0	0
Balance at end of year	$ 981	$ 1,021

LOANS (Details Textual)

LOANS (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Modifications [Line Items]
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment	$ 464,000	$ 616,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	1,500,000	1,500,000
Financing Receivable, Net	2,300,000	3,500,000
Financing Receivable, Recorded Investment, Nonaccrual Status	4,969,000	4,767,000
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	2,166,000	1,745,000
Financing Receivable, Recorded Investment, Past Due	10,836,000	9,549,000
Home Equity Loan [Member]
Financing Receivable, Modifications [Line Items]
Loan Restructuring, Trial Modifications, Amount	278,000
Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Past Due	6,306,000	5,648,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,530,000	3,901,000
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	1,100,000	1,600,000
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	712,000	1,500,000
Residential Real Estate One To Four Family [Member]
Financing Receivable, Modifications [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	282,000	20,000
Financing Receivable, Recorded Investment, Nonaccrual Status	4,785,000	4,331,000
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	2,166,000	1,745,000
Financing Receivable, Recorded Investment, Past Due	10,089,000	8,362,000
Residential Real Estate One To Four Family [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Past Due	5,712,000	5,129,000
Residential Real Estate One To Four Family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Past Due	4,377,000	3,233,000
Troubled Debt Restructuring [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 514,000	666,000
Troubled Debt Restructuring [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Past Due		$ 1,000,000

REAL ESTATE OWNED (Details)

REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Balance at beginning of year	$ 1,593	$ 1,846
Loans transferred to real estate owned	421	2,065
Capitalized expenditures	152	57
Valuation adjustments	(151)	(87)
Disposals	(1,488)	(2,288)
Balance at end of year	$ 527	$ 1,593

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Land	$ 1,693	$ 1,693
Buildings and improvements	8,005	7,104
Furniture and equipment	1,939	2,219
Automobiles	64	64
Property, Plant and Equipment, Gross	11,701	11,080
Less: accumulated depreciation	5,679	5,845
Balance at end of year	$ 6,022	$ 5,235

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Non-interest bearing checking accounts	$ 3,989	$ 4,073
Checking accounts	14,456	14,904
Savings accounts	50,169	51,371
Money market demand deposits	13,200	13,255
Total demand, transaction and passbook deposits	81,814	83,603
Original maturities of:
Less than 12 months	75,007	75,856
12 months to 36 months	20,083	35,616
More than 36 months	11,668	4,626
Total certificates of deposit	106,758	116,098
Total deposits	$ 188,572	$ 199,701

DEPOSITS (Details 1)

DEPOSITS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
2,017	$ 72,413
2,018	23,129
2,019	4,176
2,020	3,052
2021 and thereafter	3,988
Total certificates of deposit	$ 106,758	$ 116,098

DEPOSITS (Details Textual)

DEPOSITS (Details Textual) - USD ($) $ in Millions	Jun. 30, 2016	Jun. 30, 2015
Time Deposits 250000 Or More	$ 5.2	$ 5.2

ADVANCES FROM THE FEDERAL HOM62

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Federal Home Loan Bank, Advances [Line Items]
2,017	$ 26,931	$ 13,923
2,018	2,328	6,431
2,019	3,249	2,328
2,020	189	3,249
2,021	142	189
2,022	107	142
2,023	79	107
2024-2032	186	266
Advances from Federal Home Loan Banks	$ 33,211	$ 26,635

ADVANCES FROM THE FEDERAL HOM63

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Federal Home Loan Bank, Advances [Line Items]
Advances from Federal Home Loan Banks	$ 33,211	$ 26,635
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	89,100
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 4,600
Maximum [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	6.35%	6.95%
Minimum [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	0.43%	0.15%
Weighted Average [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End	0.93%	1.04%
Residential Mortgage [Member]
Federal Home Loan Bank, Advances [Line Items]
Advances from Federal Home Loan Banks	$ 40,300	$ 35,200

FEDERAL INCOME TAXES (Details)

FEDERAL INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Line Items]
Federal income taxes at the statutory rate	$ 713	$ 1,051
Increase (decrease) resulting primarily from:
Cash surrender value of life insurance	(32)	(31)
FIN 48 reserve recognition	(87)	0
Other	2	1
Total federal income taxes	$ 596	$ 1,021

FEDERAL INCOME TAXES (Details 1

FEDERAL INCOME TAXES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Deferred tax assets:
General loan loss allowance	$ 515	$ 533
Deferred compensation and benefits	156	243
Charitable contributions	1	1
Fair value accounting adjustments on acquisition	510	604
Nonaccrued interest on loans	135	129
Other real estate owned adjustments	233	254
Depreciation	13	0
Other	0	15
Total deferred tax assets	1,563	1,779
Deferred tax liabilities:
Federal Home Loan Bank stock dividends	(1,337)	(1,337)
Deferred loan origination costs	(39)	(26)
Loan servicing rights	(32)	(29)
Fair value accounting adjustments on acquisition	(779)	(795)
Unrealized gain on investments	(15)	(19)
Depreciation	0	(62)
Other	(3)	0
Total deferred tax liabilities	(2,205)	(2,268)
Net deferred tax liability	$ (642)	$ (489)

FEDERAL INCOME TAXES (Details 2

FEDERAL INCOME TAXES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Balance at beginning of year	$ 87	$ 87
Additions/(reductions) based on tax positions for the current year	(87)	0
Balance at end of year	$ 0	$ 87

FEDERAL INCOME TAXES (Details T

FEDERAL INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 1997
Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation Deductions Bad Debt		8.00%
Retained Earnings Not Recognized Federal Income Taxes	$ 5,200,000
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	1,800,000
Taxes Payable	$ 80,000

LOAN COMMITMENTS (Details)

LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Unused commitments, Revolving, open-end lines secured by real estate [Member] | Fixed [Member]
Unused Commitments to Extend Credit	$ 0	$ 0
Unused commitments, Revolving, open-end lines secured by real estate [Member] | Variable [Member]
Unused Commitments to Extend Credit	8,847	8,153
Unused commitments, Commitments to fund real estate construction loans [Member] | Fixed [Member]
Unused Commitments to Extend Credit	1,609	715
Unused commitments, Commitments to fund real estate construction loans [Member] | Variable [Member]
Unused Commitments to Extend Credit	3,311	2,974
Other unused commitments, Commercial and industrial loans [Member] | Fixed [Member]
Unused Commitments to Extend Credit	1,082	1,299
Other unused commitments, Commercial and industrial loans [Member] | Variable [Member]
Unused Commitments to Extend Credit	0	0
Other unused commitments, Other [Member] | Fixed [Member]
Unused Commitments to Extend Credit	1,102	631
Other unused commitments, Other [Member] | Variable [Member]
Unused Commitments to Extend Credit	1,908	415
Other unused commitments, Letters of credit [Member] | Fixed [Member]
Unused Commitments to Extend Credit	0	0
Other unused commitments, Letters of credit [Member] | Variable [Member]
Unused Commitments to Extend Credit	$ 0	$ 0

LOAN COMMITMENTS (Details Textu

LOAN COMMITMENTS (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Mortgage Loans on Real Estate, Face Amount of Mortgages	$ 2.2	$ 1.9
Maximum [Member]
Mortgage Loans on Real Estate, Interest Rate	4.75%	5.18%
Mortgage Loans On Real Estate Maturity Term	30 years	30 years
Minimum [Member]
Mortgage Loans on Real Estate, Interest Rate	4.00%	3.50%
Mortgage Loans On Real Estate Maturity Term	5 years	10 years

STOCKHOLDERS' EQUITY AND REGU70

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Kentucky First Federal [Member]
Tier 1 risk-based capital, Common Equity Actual Amount	$ 52,977	$ 52,768
Tier 1 risk-based capital, Common Equity Actual Ratio	31.40%	31.90%
Tier 1 risk-based capital, Common Equity for capital adequacy purposes Amount	$ 7,597	$ 7,443
Tier 1 risk-based capital, Common Equity For capital adequacy purposes Ratio	4.50%	4.50%
Total risk-based capital, Common Equity To be Well capitalized under prompt corrective action provisions Amount	$ 0	$ 0
Total risk-based capital, Common Equity To be Well capitalized under prompt corrective action provisions Ratio	0.00%	0.00%
Tier 1 core capital, Actual Amount	$ 52,977	$ 52,768
Tier 1 core capital, Actual Ratio	31.40%	31.90%
Tier 1 core capital, For capital adequacy purposes Amount	$ 10,129	$ 9,923
Tier 1 core capital, For capital adequacy purposes Ratio	6.00%	6.00%
Tier 1 core capital, To be Well capitalized under prompt corrective action provisions Ratio	0.00%	0.00%
Total risk-based capital, Actual Amount	$ 54,512	$ 54,386
Total risk-based capital, Actual Ratio	32.30%	32.90%
Total risk-based capital, For capital adequacy purposes Amount	$ 13,506	$ 13,231
Total risk-based capital, For capital adequacy purposes Ratio	8.00%	8.00%
Total risk-based capital, To be Well capitalized under prompt corrective action provisions Amount	$ 0	$ 0
Total risk-based capital, To be Well capitalized under prompt corrective action provisions Ratio	0.00%	0.00%
Tier 1 risk-based capital, Actual Amount	$ 52,977	$ 52,768
Tier 1 risk-based capital, Actual Ratio	19.00%	18.70%
Tier 1 risk-based capital, For capital adequacy purposes Amount	$ 11,183	$ 11,312
Tier 1 risk-based capital, For capital adequacy purposes Ratio	4.00%	4.00%
Tier 1 risk-based capital, To be Well capitalized under prompt corrective action provisions Amount	$ 0	$ 0
Tier 1 risk-based capital, To be Well capitalized under prompt corrective action provisions Ratio	0.00%	0.00%
First Federal of Hazard [Member]
Tier 1 risk-based capital, Common Equity Actual Amount	$ 18,035	$ 16,478
Tier 1 risk-based capital, Common Equity Actual Ratio	50.10%	43.80%
Tier 1 risk-based capital, Common Equity for capital adequacy purposes Amount	$ 1,618	$ 1,694
Tier 1 risk-based capital, Common Equity For capital adequacy purposes Ratio	4.50%	4.50%
Total risk-based capital, Common Equity To be Well capitalized under prompt corrective action provisions Amount	$ 2,338	$ 2,447
Total risk-based capital, Common Equity To be Well capitalized under prompt corrective action provisions Ratio	6.50%	6.50%
Tier 1 core capital, Actual Amount	$ 18,035	$ 16,478
Tier 1 core capital, Actual Ratio	50.10%	43.80%
Tier 1 core capital, For capital adequacy purposes Amount	$ 2,158	$ 2,259
Tier 1 core capital, For capital adequacy purposes Ratio	6.00%	6.00%
Tier 1 core capital, To be Well capitalized under prompt corrective action provisions Amount	$ 2,877	$ 3,012
Tier 1 core capital, To be Well capitalized under prompt corrective action provisions Ratio	8.00%	8.00%
Total risk-based capital, Actual Amount	$ 18,486	$ 16,950
Total risk-based capital, Actual Ratio	51.40%	45.00%
Total risk-based capital, For capital adequacy purposes Amount	$ 2,877	$ 3,012
Total risk-based capital, For capital adequacy purposes Ratio	8.00%	8.00%
Total risk-based capital, To be Well capitalized under prompt corrective action provisions Amount	$ 3,597	$ 3,765
Total risk-based capital, To be Well capitalized under prompt corrective action provisions Ratio	10.00%	10.00%
Tier 1 risk-based capital, Actual Amount	$ 18,035	$ 16,478
Tier 1 risk-based capital, Actual Ratio	24.70%	21.80%
Tier 1 risk-based capital, For capital adequacy purposes Amount	$ 2,927	$ 3,023
Tier 1 risk-based capital, For capital adequacy purposes Ratio	4.00%	4.00%
Tier 1 risk-based capital, To be Well capitalized under prompt corrective action provisions Amount	$ 3,658	$ 3,779
Tier 1 risk-based capital, To be Well capitalized under prompt corrective action provisions Ratio	5.00%	5.00%
First Federal Of Kentucky [Member]
Tier 1 risk-based capital, Common Equity Actual Amount	$ 30,448	$ 32,104
Tier 1 risk-based capital, Common Equity Actual Ratio	22.80%	25.10%
Tier 1 risk-based capital, Common Equity for capital adequacy purposes Amount	$ 6,016	$ 5,763
Tier 1 risk-based capital, Common Equity For capital adequacy purposes Ratio	4.50%	4.50%
Total risk-based capital, Common Equity To be Well capitalized under prompt corrective action provisions Amount	$ 8,689	$ 8,324
Total risk-based capital, Common Equity To be Well capitalized under prompt corrective action provisions Ratio	6.50%	6.50%
Tier 1 core capital, Actual Amount	$ 30,448	$ 32,104
Tier 1 core capital, Actual Ratio	22.80%	25.10%
Tier 1 core capital, For capital adequacy purposes Amount	$ 8,021	$ 7,684
Tier 1 core capital, For capital adequacy purposes Ratio	6.00%	6.00%
Tier 1 core capital, To be Well capitalized under prompt corrective action provisions Amount	$ 10,694	$ 10,245
Tier 1 core capital, To be Well capitalized under prompt corrective action provisions Ratio	8.00%	8.00%
Total risk-based capital, Actual Amount	$ 31,412	$ 33,101
Total risk-based capital, Actual Ratio	23.50%	25.90%
Total risk-based capital, For capital adequacy purposes Amount	$ 10,694	$ 10,245
Total risk-based capital, For capital adequacy purposes Ratio	8.00%	8.00%
Total risk-based capital, To be Well capitalized under prompt corrective action provisions Amount	$ 13,368	$ 12,806
Total risk-based capital, To be Well capitalized under prompt corrective action provisions Ratio	10.00%	10.00%
Tier 1 risk-based capital, Actual Amount	$ 30,448	$ 32,104
Tier 1 risk-based capital, Actual Ratio	14.20%	14.90%
Tier 1 risk-based capital, For capital adequacy purposes Amount	$ 8,584	$ 8,645
Tier 1 risk-based capital, For capital adequacy purposes Ratio	4.00%	4.00%
Tier 1 risk-based capital, To be Well capitalized under prompt corrective action provisions Amount	$ 10,730	$ 10,807
Tier 1 risk-based capital, To be Well capitalized under prompt corrective action provisions Ratio	5.00%	5.00%

STOCKHOLDERS' EQUITY AND REGU71

STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2016	Jun. 30, 2016
Dividends Waived		$ 1,900,000
Dividends Payable		$ 759,000
Percentage Of Increase In Capital Conservation		0.625%
Minimum [Member]
Percentage of Capital Conservation	0.625%
2019 [Member]
Percentage of Capital Conservation		2.50%
New Capital Rules [Member]
Tier One Leverage Capital to Average Assets		5.00%
Tier One Risk Based Capital to Risk Weighted Assets		8.00%
Capital to Risk Weighted Assets		10.00%
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets		6.50%

CONDENSED FINANCIAL STATEMENT72

CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
ASSETS
Interest-bearing deposits	$ 8,811	$ 9,771
Prepaid expenses and other assets	966	653
Total assets	291,871	296,298
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total liabilities	224,356	228,985
Shareholders’ equity
Common stock	86	86
Additional paid-in capital	34,639	34,638
Retained earnings	34,732	34,711
Unearned employee stock ownership plan (ESOP)	(1,036)	(1,223)
Treasury shares at cost, 112,563 common shares at June 30, 2016 and 2015	(937)	(937)
Accumulated other comprehensive income	31	38
Total shareholders’ equity	67,515	67,313	$ 67,205
Total liabilities and shareholders’ equity	291,871	296,298
Parent Company [Member]
ASSETS
Interest-bearing deposits	18	15
Prepaid expenses and other assets	564	580
Total assets	67,552	67,486
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other liabilities	37	173
Total liabilities	37	173
Shareholders’ equity
Common stock	86	86
Additional paid-in capital	34,639	34,638
Retained earnings	34,732	34,711
Unearned employee stock ownership plan (ESOP)	(1,036)	(1,223)
Treasury shares at cost, 112,563 common shares at June 30, 2016 and 2015	(937)	(937)
Accumulated other comprehensive income	31	38
Total shareholders’ equity	67,515	67,313
Total liabilities and shareholders’ equity	67,552	67,486
Parent Company [Member] | First Federal of Hazard [Member]
ASSETS
Interest-bearing deposits	539	572
Investment	18,216	17,795
Parent Company [Member] | First Federal of Frankfort [Member]
ASSETS
Investment	46,824	47,539
Parent Company [Member] | First Federal Of Kentucky [Member]
ASSETS
Interest-bearing deposits	$ 1,391	$ 985

CONDENSED FINANCIAL STATEMENT73

CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Interest income
Interest income	$ 11,254	$ 11,996
Total income	11,634	12,389
Non-interest expenses	8,549	8,042
Earnings before income taxes	2,097	3,090
Federal income tax expense (benefit)	596	1,021
NET INCOME	1,501	2,069
Parent Company [Member]
Interest income
Interest income	86	99
Total income	1,836	2,435
Non-interest expenses	462	495
Earnings before income taxes	1,374	1,940
Federal income tax expense (benefit)	(127)	(129)
NET INCOME	1,501	2,069
First Federal of Hazard [Member] | Parent Company [Member]
Interest income
Dividends	0	0
Equity in undistributed earnings	186	354
First Federal of Frankfort [Member] | Parent Company [Member]
Interest income
Dividends	2,057	1,612
Equity in undistributed earnings	$ (493)	$ 370

CONDENSED FINANCIAL STATEMENT74

CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net earnings for the year	$ 1,501	$ 2,069
Adjustments to reconcile net earnings to net cash provided by operating activities:
Noncash compensation expense	188	154
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets	(313)	(22)
Other liabilities	(88)	42
Net cash provided by operating activities	1,446	3,096
Cash flows from financing activities:
Dividends paid on common stock	(1,480)	(1,385)
Repurchase of treasury shares	0	(698)
Net cash used in financing activities	(5,907)	(5,794)
Net increase (decrease) in cash and cash equivalents	(527)	2,124
Beginning cash and cash equivalents	13,635	11,511
Ending cash and cash equivalents	13,108	13,635
Parent Company [Member]
Cash flows from operating activities:
Net earnings for the year	1,501	2,069
Adjustments to reconcile net earnings to net cash provided by operating activities:
Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries	307	(815)
Noncash compensation expense	188	187
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets	(4)	59
Other liabilities	(136)	140
Net cash provided by operating activities	1,856	1,640
Cash flows from financing activities:
Dividends paid on common stock	(1,480)	(1,385)
Repurchase of treasury shares	0	(698)
Net cash used in financing activities	(1,480)	(2,083)
Net increase (decrease) in cash and cash equivalents	376	(443)
Beginning cash and cash equivalents	1,572	2,015
Ending cash and cash equivalents	$ 1,948	$ 1,572

CONDENSED FINANCIAL STATEMENT75

CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP (Details Textual) - shares	Jun. 30, 2016	Jun. 30, 2015
Treasury Stock, Shares	112,563	112,563
Parent Company [Member]
Treasury Stock, Shares	112,563	112,563