Kentucky First Federal Bancorp (KFFB) 10-K 28 Sep 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)shares
Document and Entity Information [Abstract]
Entity Registrant Name	Kentucky First Federal Bancorp
Entity Central Index Key	1,297,341
Trading Symbol	KFFB
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-K
Document Period End Date	Jun. 30, 2017
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float | $	$ 0
Entity Common Stock, Shares Outstanding | shares	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
ASSETS
Cash and due from financial institutions	$ 4,035	$ 4,297
Interest-bearing demand deposits	8,769	8,811
Cash and cash equivalents	12,804	13,108
Time deposits in other financial institutions	4,201	3,711
Securities available for sale	71	134
Securities held-to-maturity, at amortized cost- approximate fair value of $1,523 and $4,151 at June 30, 2017 and 2016, respectively	1,487	4,079
Loans, net of allowance of $1,533 and $1,515 at June 30, 2017 and 2016, respectively	258,244	238,468
Real estate owned, net	358	527
Premises and equipment, net	5,810	6,022
Federal Home Loan Bank stock, at cost	6,482	6,482
Accrued interest receivable	679	710
Bank-owned life insurance	3,158	3,064
Goodwill	14,507	14,507
Prepaid federal income taxes	74	93
Prepaid expenses and other assets	610	966
Total assets	308,485	291,871
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits	182,845	188,572
Federal Home Loan Bank advances	55,780	33,211
Advances by borrowers for taxes and insurance	818	741
Accrued interest payable	21	22
Deferred federal income taxes	719	642
Deferred revenue	578	595
Other liabilities	578	573
Total liabilities	241,339	224,356
Commitments and contingencies
Shareholders' equity
Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued and outstanding
Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued	86	86
Additional paid-in capital	35,084	34,639
Retained earnings	34,180	34,732
Unearned employee stock ownership plan (ESOP)	(850)	(1,036)
Treasury shares at cost, 151,549 and 112,563 common shares at June 30, 2017 and 2016, respectively	(1,355)	(937)
Accumulated other comprehensive income	1	31
Total shareholders' equity	67,146	67,515
Total liabilities and shareholders' equity	$ 308,485	$ 291,871

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Statement of Financial Position [Abstract]
Securities held-to-maturity securities, fair value (in dollars)	$ 1,523	$ 4,151
Loans and leases receivable, allowance (in dollars)	$ 1,533	$ 1,515
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued
Preferred stock, shares outstanding
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	151,549	112,563

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Interest income
Loans, including fees	$ 10,895	$ 11,254
Mortgage-backed securities	57	94
Other securities	7	18
Interest-bearing deposits and other	357	268
Total interest income	11,316	11,634
Interest expense
Deposits	1,018	1,058
Borrowings	439	302
Total interest expense	1,457	1,360
Net interest income	9,859	10,274
Provision for loan losses	242	15
Net interest income after provision for loan losses	9,617	10,259
Non-interest income
Net gains on sales of loans	23	51
Earnings on bank-owned life insurance	94	93
Net gain on sales of REO	67	120
Valuation adjustment for REO	(171)	(151)
Net gains on sales of investments	64
Other	285	274
Total non-interest income	362	387
Non-interest expense
Employee compensation and benefits	5,344	5,319
Occupancy and equipment	685	669
Legal fees	36	75
Outside service fees	162	145
Data processing	396	397
Audit and accounting	305	276
FDIC insurance premiums	93	215
Franchise and other taxes	240	247
Foreclosure and REO expense, net	111	95
Other	1,159	1,111
Total non-interest expense	8,531	8,549
Income before income taxes	1,448	2,097
Federal income tax expense
Current	421	524
Deferred	92	72
Total federal income taxes	513	596
NET INCOME	$ 935	$ 1,501
EARNINGS PER SHARE
Basic and diluted	$ 0.11	$ 0.18

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net income	$ 935	$ 1,501
Other comprehensive income (loss), net of tax-related effects:
Unrealized holding gains (losses) on securities designated as available for sale during the year, net of taxes (benefits) of $6 and $(4) in 2017 and 2016, respectively	12	(7)
Less: Reclassification adjustment for gains included in net income, net of tax benefits of $22 and $0 in 2017 and 2016, respectively	(42)
Total other comprehensive income	(30)	(7)
Comprehensive income	$ 905	$ 1,494

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Tax portion of unrealized holding gains (losses) on securities designated as available for sale	$ 6	$ (4)
Reclassification adjustment for gains included in net income, net of tax benefits	$ 22	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Retained earnings	Treasury shares	Accumulated other comprehensive income	Unearned employee stock ownership plan (ESOP)
Balance at Jun. 30, 2015	$ 67,313	$ 86	$ 34,638	$ 34,711	$ (937)	$ 38	$ (1,223)
Net income	1,501			1,501
Allocation of ESOP shares	188		1				187
Unrealized losses on securities designated as available for sale, net of related tax effects	(7)					(7)
Cash dividends of $0.40per common share	(1,480)			(1,480)
Balance at Jun. 30, 2016	67,515	86	34,639	34,732	(937)	31	(1,036)
Net income	935			935
Allocation of ESOP shares	213		445		(418)		186
Unrealized losses on securities designated as available for sale, net of related tax effects	12					(30)
Cash dividends of $0.40per common share	(1,487)			(1,487)
Balance at Jun. 30, 2017	$ 67,146	$ 86	$ 35,084	$ 34,180	$ (1,355)	$ 1	$ (850)

Consolidated Statements of Cha8

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash dividends of per common share	$ 0.40	$ 0.40

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 935	$ 1,501
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	336	321
Accretion of purchased loan discount	(159)	(164)
Amortization of purchased loan premium	16	17
Amortization of discounts and premiums on investment securities, net	69	80
Amortization of deferred loan origination costs (fees)	48	39
Accretion of premiums on deposits	(35)	(84)
Net gain on sale of investments	(64)
Net gain on sale of loans	(23)	(51)
Valuation adjustment of REO	171	151
Net gain on real estate owned	(51)	(120)
Deferred gain on sale of real estate owned	(17)	(15)
ESOP compensation expense	213	188
Earnings on bank-owned life insurance	(94)	(93)
Provision for loan losses	242	15
Origination of loans held for sale	(746)	(1,231)
Proceeds from loans held for sale	769	1,382
Increase (decrease) in cash, due to changes in:
Accrued interest receivable	31	15
Prepaid expenses and other assets	356	(313)
Accrued interest payable	(1)	(10)
Accounts payable and other liabilities	5	(88)
Federal income tax (benefit)
Current	19	(171)
Deferred	92	77
Net cash provided by operating activities	2,112	1,446
Cash flows from investing activities:
Purchase of investment securities held to maturity	(6,499)	(11,000)
Purchase of term deposits in other financial institutions	(490)	(3,711)
Investment securities maturities, prepayments and calls:
Held to maturity	9,043	13,264
Available for sale	10	14
Proceeds from sale of investments	72
Loans originated for investment, net of principal collected	(20,785)	5,739
Proceeds from sale of real estate owned	927	888
Additions to real estate owned	(37)	(152)
Additions to premises and equipment, net	(124)	(1,108)
Net cash provided by (used in) investing activities	(17,883)	3,934
Cash flows from financing activities:
Net change in deposits	(5,692)	(11,045)
Payments by borrowers for taxes and insurance, net	77	42
Proceeds from Federal Home Loan Bank advances	47,100	33,200
Repayments on Federal Home Loan Bank advances	(24,531)	(26,624)
Dividends paid on common stock	(1,487)	(1,480)
Net cash provided by (used in) financing activities	15,467	(5,907)
Net decrease in cash and cash equivalents	(304)	(527)
Beginning cash and cash equivalents	13,108	13,635
Ending cash and cash equivalents	12,804	13,108
Supplemental disclosure of cash flow information:
Federal income taxes	400	710
Interest on deposits and borrowings	1,493	1,454
Supplemental disclosure of noncash investing activities:
Transfers from loans to real estate acquired through foreclosure	841	442
Loans disbursed upon sales of real estate acquired through foreclosure	$ 214	$ 741

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	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. 1. Principles of Consolidation 2. Use of Estimates 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. 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. 5. Loans held for sale and Mortgage Servicing Rights 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 $13,000 and $12,000 during the years ended June 30, 2017 and 2016, respectively. The carrying value of the Company’s mortgage servicing rights, which approximated fair value, totaled approximately $87,000 and $94,000 at June 30, 2017 and 2016, respectively. The Company was servicing mortgage loans of approximately $10.8 million and $11.7 million that had been sold to the Federal Home Loan Bank at June 30, 2017 and 2016, respectively. During the fiscal year ended June 30, 2017, we sold $746,000 in loans under the FHLB program and the average balance of loans serviced was $11.3 million. 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 $19,000 and $21,000 for the fiscal years ended June 30, 2017 and 2016, respectively. Late fees and ancillary fees related to loan servicing are not material. 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 secured by deposits. We offer a mix of adjustable-rate and fixed-rate mortgage loans with terms up to 30 years for owner-occupied properties. For these properties a borrower may be able to borrow up to 95% of the value with private mortgage insurance. Alternatively, the borrower may be able to borrow up to 90% of the value through other programs offered by the bank. We offer loans on one- to four-family rental properties at a maximum of 80% loan-to-value (“LTV”) ratio and we generally charge a slightly higher interest rate on such loans. 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% of the appraised value, and provide for the payment of interest only during the construction phase. Funds are disbursed as progress is made toward completion of the construction. 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 years or less and do not exceed 80% of the appraised value. Loans secured by multi-family and commercial real estate generally have larger balances and involve a greater degree of risk than one- to four-family residential mortgage loans. These loans depend on the borrower’s creditworthiness and the feasibility and cash flow potential of the project. Payments on loans secured by income properties often depend on successful operation and management of the properties. As a result, repayment on such loans may be subject to a greater extent to adverse conditions in the real estate market or economy than owner-occupied residential loans. 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% of the estimated value to qualified borrowers and these loans carry a premium rate. Loans secured by savings are originated up to 90% of the depositor’s savings account balance and bear interest at a rate higher than the rate paid on the deposit account. Because the deposit account must be pledged as collateral to secure the loan, the inherent risk of this type of loan is minimal. Loans secured by automobiles are made directly to consumers (there are no relationships with dealers) and are based on the value of the vehicle and the borrower’s creditworthiness. Vehicle loans present a higher level of risk because of the natural decline in the value of the property as well as its mobility. Unsecured loans are based entirely on the borrower’s creditworthiness and present the highest level of risk to the bank. 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. 7. Federal Home Loan Bank Stock 8. Real Estate Owned 9. Premises and Equipment 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 2014. 11. Retirement and Employee Benefit Plans 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 $1,000 and $4,000 for the fiscal years ended June 30, 2017 and 2016, respectively, while the liabilities totaled $45,000 and $61,000 at June 30, 2017 and 2016, respectively. 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 $1.2 million and $1.4 million at June 30, 2017 and 2016, respectively. The Company recorded expense for the ESOP of approximately $213,000 and $188,000 for the years ended June 30, 2017 and 2016, respectively. Shares may be surrendered from the plan as employees leave employment. Total shares surrendered from the plan totaled 155,794 and 98,588 at June 30, 2017 and 2016, respectively. The amounts contributed to the ESOP were $280,000 for each of the years 2017 and 2016. For the fiscal year ended 2017 2016 Allocated shares 86,880 125,411 Shares committed to be released 9,338 9,338 Unearned shares 84,961 103,636 Total ESOP shares 181,179 238,385 Fair value of unearned shares at End of period (dollars in thousands) $ 802 $ 850 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. 12. Earnings Per Share (in thousands) 2017 2016 Net income allocated to common shareholders, basic and diluted $ 935 $ 1,501 2017 2016 Basic Weighted-average common shares outstanding 8,345,422 8,324,195 Diluted Weighted-average common shares outstanding (diluted) 8,345,422 8,324,195 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. There were no options outstanding for fiscal year 2017 and for fiscal year 2016 all options were antidilutive, as the exercise price was greater than the average market price of the common stock. 13. 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). The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis at June 30, 2017 and 2016. The securities represented are only those classified as available-for sale. Fair Value Measurements Using Quotes Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2017 Agency mortgage-backed: residential $ 71 $ -- $ 71 $ -- 2016 Agency mortgage-backed: residential $ 81 $ -- $ 81 $ -- FHLMC stock 53 -- 53 -- $ 134 $ -- $ 134 $ -- 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 $171,000 and $151,000 for the fiscal years 2017 and 2016, respectively, and resulted in a Level 3 classification of the inputs for determining fair value. The following table presents the fair value measurements of assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2017 and 2016. Fair Value Measurements Using Quotes Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2017 Other real estate owned, net One to four family $ 103 - - $ 103 Land 79 - - 79 2016 Other real estate owned, net One to four family $ 274 - - $ 274 Land 9 - - 79 At June 30, 2017 and 2016, 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 $182,000 and $353,000 at June 30, 2017 and 2016, respectively, after write-down of $51,000 and $145,000 for the years ended June 30, 2017 and 2016, respectively. 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, 2017 and 2016: Range Fair Value Valuation Unobservable (Weighted June 30, 2017 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 103 Sales comparison approach Adjustments for differences between comparable sales -3.6% to 45.8% (9.5%) 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, 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%) 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, 2017 and 2016: Cash and cash equivalents Held-to-maturity securities Loans Federal Home Loan Bank stock Accrued interest receivable and payable Deposits Federal Home Loan Bank advances Advances by borrowers for taxes and insurance and accrued interest payable Commitments to extend credit Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at June 30, 2017 and June 30, 2016 are as follows: Fair Value Measurements at (in thousands) Carrying June 30, 2017 Using Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 12,804 $ 12,804 $ 12,804 Term deposits in other financial institutions 4,201 4,201 4,201 Available-for-sale securities 71 $ 71 71 Held-to-maturity securities 1,487 1,523 1,523 Loans receivable - net 258,244 $ 269,606 269,606 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 679 4 675 679 Financial liabilities Deposits $ 182,845 $ 78,561 $ 103,786 $ 182,347 Federal Home Loan Bank advances 55,780 55,881 55,881 Advances by borrowers for taxes and insurance 818 818 818 Accrued interest payable 21 21 21 Fair Value Measurements at (in thousands) Carrying June 30, 2017 Using 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 14. Cash and Cash Equivalents 15. Goodwill 16. Cash Surrender Value of Life Insurance 17. Treasury Stock 18. Related Party Transactions (in thousands) 2017 2016 Outstanding principal, beginning of year $ 1,043 $ 1,393 Changes in composition of related parties -- (288 ) Principal disbursed during the year -- -- Principal repaid and refinanced during the year (60 ) (62 ) Outstanding principal, end of year $ 983 $ 1,043 Deposits from related parties held by the Company at June 30, 2017 and 2016 totaled $2.9 million and $2.7 million, respectively. 19. Comprehensive Income 20. Loss Contingencies 21. Loan Commitments and Related Financial Instruments 22. Dividend Restriction 23. Operating Segments 24. Reclassifications 25. New Accounting Standards: FASB ASC 606 - FASB ASC 825 - FASB ASC 842 - FASB ASC 718 - FASB ASC 326 - FASB ASC 740 – Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. FASB ASC 810 – Consolidation (Topic 810): Interests Held through Related Parties that are under Common Control. FASB ASC 805 – Business Combinations (Topic 805): Clarifying the Definition of a Business, FASB ASC 350 – Intangibles: Goodwill and Other: Simplifying the Test for Goodwill Impairment, FASB ASC 610 – Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Topic 610): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. Revenue from Contracts with Customers, FASB ASC 715 – Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. FASB ASC 310 – Receivables- Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.

Securities

Securities	12 Months Ended
	Jun. 30, 2017
Securities [Abstract]
SECURITIES	NOTE B - SECURITIES 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, 2017 and 2016 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: 2017 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated fair value Available-for-sale Securities Agency mortgage-backed:residential $ 70 $ 1 $ - $ 71 Held-to-maturity Securities Agency mortgage-backed: residential $ 1,487 $ 45 $ 9 $ 1,523 2016 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated 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 At June 30, 2017, the Company’s debt securities consisted of mortgage-backed securities, which do not have a single maturity date. During the fiscal year ended June 30, 2017, the Company sold its investment in Federal Home Loan Mortgage Company (“Freddie Mac”) stock and recognized gain of $64,000. There were no sales of securities during the fiscal year ended June 30, 2016. At June 30, 2017 the Company had $9,000 in securities with unrealized losses, while at June 30, 2016, the Company had no securities with unrealized losses. Unrealized losses on agency mortgage-backed securities have not been recognized into income because they are of high credit quality (rated AA or higher), management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates and other market conditions. The fair value is expected to recover as the investments reach maturity. At June 30, 2017 and 2016, pledged securities totaled $2.3 million and $2.2 million, respectively. At June 30, 2017 and 2016, the pledged total included term deposits of $1.5 million and $500,000, respectively.

Loans

Loans	12 Months Ended
	Jun. 30, 2017
Loans [Abstract]
LOANS	NOTE C - LOANS The composition of the loan portfolio at June 30 was as follows: (in thousands) 2017 2016 Residential real estate One- to four-family $ 197,936 $ 186,125 Multi-family 15,678 15,559 Construction 2,398 2,809 Land 1,304 1,186 Farm 2,062 1,735 Nonresidential real estate 29,211 27,138 Commercial and industrial 2,540 1,847 Consumer and other Loans on deposits 1,607 1,813 Home equity 6,853 6,155 Automobile 42 69 Unsecured 400 552 260,031 244,988 Undisbursed portion of loans in process (296 ) (5,118 ) Deferred loan origination costs, net 42 113 Allowance for loan losses (1,533 ) (1,515 ) $ 258,244 $ 238,468 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, 2017 and 2016. There were $1.7 million and $2.3 million in loans acquired with deteriorated credit quality at June 30, 2017 and 2016, respectively. June 30, 2017: (in thousands) Loans individually evaluated Loans acquired with deteriorated credit quality* Ending loans balance Ending allowance attributed to loans Unallocated allowance Total allowance Loans individually evaluated for impairment: Residential real estate: One- to four-family $ 3,706 $ 1,676 $ 5,382 $ -- $ -- $ -- Nonresidential real estate 131 -- 131 -- -- -- 3,837 1,676 5,513 -- -- -- Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 192,554 $ 773 $ -- $ 773 Multi-family 15,678 243 -- 243 Construction 2,398 6 -- 6 Land 1,304 4 -- 4 Farm 2,062 9 -- 9 Nonresidential real estate 29,080 270 -- 270 Commercial and industrial 2,540 6 -- 6 Consumer and other Loans on deposits 1,607 4 -- 4 Home equity 6,853 17 -- 17 Automobile 42 -- -- -- Unsecured 400 1 -- 1 Unallocated -- -- 200 200 254,518 1,333 200 1,533 $ 260,031 $ 1,333 $ 200 $ 1,533 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. June 30, 2016: (in thousands) Loans individually evaluated Loans acquired with deteriorated credit quality* Ending loans balance Ending allowance attributed to loans Unallocated allowance Total 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. The following tables present impaired loans by class of loans as of and for the years ended June 30, 2017 and 2016: June 30, 2017: (in thousands) Unpaid Principal Balance and Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized With no related allowance recorded: Residential real estate: One- to four-family $ 5,382 $ -- $ 5,653 $ 71 $ 71 Nonresidential real estate 131 -- 131 -- -- Total $ 5,513 $ -- $ 5,784 $ 71 $ 71 June 30, 2016: (in thousands) Unpaid Principal Balance and Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income 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 -- -- Consumer and other Unsecured -- -- 7 -- -- Total $ 5,710 $ -- $ 5,873 $ 97 $ 97 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, 2017 and 2016. The tables include loans acquired with deteriorated credit quality. At June 30, 2017, the table below includes approximately $566,000 of loans on nonaccrual and $486,000 of loans past due over 90 days and still accruing of loans acquired with deteriorated credit quality, while at June 30, 2016, approximately $1.1 million of loans on nonaccrual and $712,000 of loans past due over 90 days and still accruing represent such loans. June 30, 2017 June 30, 2016 (in thousands) Nonaccrual Loans Past Due Over 90 Days Still Accruing Nonaccrual Loans Past Due Over 90 Days Still Accruing One- to four-family residential real estate $ 4,870 $ 1,770 $ 4,785 $ 2,166 Nonresidential real estate 151 -- 173 -- Consumer 8 11 11 -- $ 5,029 $ 1,781 $ 4,969 $ 2,166 Troubled Debt Restructurings: During the year ended June 30, 2017, the terms of a single one- to four family residential real estate loan totaling $99,000 was modified as a troubled debt restructuring (“TDR.”) The loan was modified to extend the loan term, because the borrower was exhibiting financial difficulty in making the original debt payments. Because the restructured loan bears interest at the same rate offered to other such borrowers and the repayment period was extended slightly, the borrower is expected to be able to service the debt as restructured. During the year ended June 30, 2016, the terms of two one- to four family residential real estate loans totaling $282,000 was modified as TDRs. The loans were modified because the borrowers each were exhibiting financial difficulty in making the original debt payments. 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. The following table presents loans classified as TDRs as of June 30, 2017 and 2016, and their performance, by modification type: (Dollars in thousands) Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms June 30, 2017: Residential Real Estate: 1-4 Family 31 $ 1,970 $ 1,533 $ 657 $ 876 June 30, 2016 Residential Real Estate: 1-4 Family 35 $ 2,136 $ 1,835 $ 1,318 $ 517 The Company had no allocated specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2017 or 2016. At June 30, 2017 and 2016, TDR loans on nonaccrual status totaled $1.2 million and $1.5 million, respectively. The Company had no commitments to lend additional amounts as of June 30, 2017 and 2016, to customers with outstanding loans that are classified as troubled debt restructurings. The Company had no TDR loans default during fiscal 2017 or 2016. The following tables present the aging of the principal balance outstanding in past due loans as of June 30, 2017 and 2016, by class of loans. The tables include loans acquired with deteriorated credit quality. At June 30, 2017, the table below includes $25,000 of loans 30-89 days past due and approximately $1.0 million of loans past due over 90 days that were acquired with deteriorated credit quality, while at June 30, 2016, the table below includes no loans 30-89 days past due and approximately $514,000 of loans past due over 90 days of such loans. June 30, 2017: (in thousands) 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total Residential real estate: One-to four-family $ 5,193 $ 4,496 $ 9,689 $ 188,247 $ 197,936 Multi-family -- -- -- 15,678 15,678 Construction -- -- -- 2,398 2,398 Land -- -- -- 1,304 1,304 Farm 539 -- 539 1,523 2,062 Nonresidential real estate 635 133 768 28,443 29,211 Commercial and industrial -- -- -- 2,540 2,540 Consumer and other: Loans on deposits -- -- -- 1,607 1,607 Home equity 17 11 28 6,825 6,853 Automobile -- -- -- 42 42 Unsecured 13 -- 13 387 400 Total $ 6,397 $ 4,640 $ 11,037 $ 248,994 $ 260,031 June 30, 2016: (in thousands) 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past 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 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. Substandard. Doubtful. 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, 2017, and 2016, and based on the most recent analysis performed, the risk category of loans by class of loans was as follows: June 30, 2017: (in thousands) Pass Special Mention Substandard Doubtful Not rated Residential real estate: One- to four-family $ -- $ 6,110 $ 9,883 $ -- $ 181,943 Multi-family 14,541 -- 1,137 -- -- Construction 2,398 -- -- -- -- Land 1,304 -- -- -- -- Farm 1,523 -- 539 -- -- Nonresidential real estate 29,061 -- 150 -- -- Commercial and industrial 2,513 27 -- -- -- Consumer and other: Loans on deposits 1,607 -- -- -- -- Home equity 6,744 93 16 -- -- Automobile 42 -- -- -- -- Unsecured 396 -- 4 -- -- Total $ 60,129 $ 6,230 $ 11,729 $ -- $ 181,943 June 30, 2016: (in thousands) Pass Special Mention Substandard Doubtful Not 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 The activity in the allowance for loan losses is summarized as follows for the years ended June 30: (in thousands) 2017 2016 Balance at beginning of year $ 1,515 $ 1,568 Provision for losses on loans 242 15 Charge-offs, net (224 ) (68 ) Balance at end of year $ 1,533 $ 1,515 The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended June 30, 2017 and 2016: June 30, 2017: (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending balance Residential real estate: One- to four-family $ 862 $ 132 $ (226 ) $ 5 $ 773 Multi-family 192 51 -- -- 243 Construction 5 1 -- -- 6 Land 2 2 -- -- 4 Farm 3 6 -- -- 9 Nonresidential real estate 217 53 -- -- 270 Commercial and industrial 18 (12 ) -- -- 6 Consumer and other: Loans on deposits 4 -- -- -- 4 Home equity 11 6 -- -- 17 Unsecured 1 3 (5 ) 2 1 Unallocated 200 -- -- -- 200 Totals $ 1,515 $ 242 $ (231 ) $ 7 $ 1,533 June 30, 2016: (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending 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 Purchased Loans: 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 $388,000 and $464,000, at June 30, 2017 and 2016, respectively, is as follows: (in thousands) 2017 2016 Residential real estate: One- to four-family $ 1,676 $ 2,146 Land -- -- Nonresidential real estate -- 164 Outstanding balance $ 1,676 $ 2,310 Accretable yield, or income expected to be collected, for the years ended June 30 was as follows: (in thousands) 2017 2016 Balance at beginning of year $ 981 $ 1,021 Accretion of income (159 ) (164 ) Reclassifications from nonaccretable difference 60 124 Disposals (162 ) -- Balance at end of year $ 720 $ 981 For those purchased loans disclosed above, the Company made no increase in allowance for loan losses for the years ended June 30, 2017 or 2016, nor were any allowance for loan losses reversed during those years.

Real Estate Owned

Real Estate Owned	12 Months Ended
	Jun. 30, 2017
Real Estate Owned [Abstract]
REAL ESTATE OWNED	NOTE D - REAL ESTATE OWNED Activity in real estate owned for the years ended June 30 was as follows: (in thousands) 2017 2016 Balance at beginning of year $ 527 $ 1,593 Loans transferred to real estate owned 745 421 Capitalized expenditures 37 152 Valuation adjustments (171 ) (151 ) Disposals (780 ) (1,488 ) Balance at end of year $ 358 $ 527

Premises and Equipment

Premises and Equipment	12 Months Ended
	Jun. 30, 2017
Premises and Equipment [Abstract]
PREMISES AND EQUIPMENT	NOTE E - PREMISES AND EQUIPMENT Premises and equipment at June 30 are comprised of the following: (in thousands) 2017 2016 Land $ 1,693 $ 1,693 Buildings and improvements 8,064 8,005 Furniture and equipment 1,963 1,939 Automobiles 71 64 11,791 11,701 Less: accumulated depreciation 5,981 5,679 Balance at end of year $ 5,810 $ 6,022

Deposits

Deposits	12 Months Ended
	Jun. 30, 2017
Deposit Liabilities Disclosures [Abstract]
DEPOSITS	NOTE F - DEPOSITS Deposits consist of the following major classifications at June 30: (in thousands) 2017 2016 Non-interest bearing checking accounts $ 5,280 $ 3,989 Checking accounts 13,461 14,456 Savings accounts 45,911 50,159 Money market demand deposits 13,909 13,200 Total demand, transaction and passbook deposits 78,561 81,814 Certificates of deposit: Original maturities of: Less than 12 months 67,649 75,007 12 months to 36 months 30,140 20,083 More than 36 months 6,495 11,668 Total certificates of deposit 104,284 106,758 Total deposits $ 182,845 $ 188,572 At June 30, 2017 and 2016, the Banks had certificate of deposit accounts with balances equal to or in excess of $250,000 totaling approximately $4.7 million and $5.2 million, respectively. Maturities of outstanding certificates of deposit at June 30 are summarized as follows: (in thousands) 2017 2018 $ 67,649 2019 25,099 2020 5,041 2021 3,759 2022 and thereafter 2,736 $ 104,284

Advances from the Federal Home

Advances from the Federal Home Loan Bank	12 Months Ended
	Jun. 30, 2017
Advances from the Federal Home Loan Bank [Abstract]
ADVANCES FROM THE FEDERAL HOME LOAN BANK	NOTE G - ADVANCES FROM THE FEDERAL HOME LOAN BANK Advances from the Federal Home Loan Bank, collateralized at June 30, 2017 and 2016 by pledges of certain residential mortgage loans totaling $65.3 million and $40.3 million, respectively, and the Banks’ investment in Federal Home Loan Bank stock, are summarized as follows: Maturing year ended June 30, 2017 (in thousands) 2017 $ 51,808 2018 3,249 2019 189 2020 142 2021 107 2022 79 2023 43 2024-2032 163 $ 55,780 At June 30, 2017 interest rates for advances were fixed ranging from 0.81% to 6.20%, with a weighted-average interest rate of 1.29%. Maturing year ended June 30, 2016 (in thousands) 2016 $ 26,931 2017 2,328 2018 3,249 2019 189 2020 142 2021 107 2022 79 2023-2032 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%. 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 $71.9 million as of June 30, 2017. At June 30, 2017, we had the ability to borrow a total $89.1 million from the FHLB, of which $55.8 million was outstanding. In addition, we have the ability to borrow from the Federal Reserve Bank Discount Window. At June 30, 2017, based on home equity loans we had pledged collateral which would enable us to borrow up to $5.0 million.

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Jun. 30, 2017
Federal Income Taxes [Abstract]
FEDERAL INCOME TAXES	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, 2017 and 2016, as follows: (in thousands) 2017 2016 Federal income taxes at the statutory rate $ 492 $ 713 Increase (decrease) resulting primarily from: Cash surrender value of life insurance (32 ) (32 ) FIN 48 reserve recognition -- (87 ) Other 53 2 $ 513 $ 596 The composition of the Company’s net deferred tax liability at June 30 is as follows: (in thousands) 2017 2016 Taxes (payable) refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 521 $ 515 Deferred compensation and benefits 151 156 Accrued expenses 6 1 Fair value accounting adjustments on acquisition 376 510 Nonaccrued interest on loans 162 135 Other real estate owned adjustments 218 233 Depreciation 30 13 Total deferred tax assets 1,464 1,563 Deferred tax liabilities: Federal Home Loan Bank stock dividends (1,337 ) (1,337 ) Deferred loan origination costs (50 ) (39 ) Loan servicing rights (29 ) (32 ) Fair value accounting adjustments on acquisition (767 ) (779 ) Unrealized gain on investments -- (15 ) Other -- (3 ) Total deferred tax liabilities (2,183 ) (2,205 ) Net deferred tax liability $ (719 ) $ (642 ) 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, 2017, 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, 2017. Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (in thousands) 2017 2016 Balance at beginning of year $ -- $ 87 Additions/(reductions) based on tax positions for the current year -- (87 ) Balance at end of year $ -- $ -- 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, 2017
Loan Commitments [Abstract]
LOAN COMMITMENTS	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, 2017 and 2016, the Banks had the following outstanding loan commitments: 2017 2016 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ -- $ 9,443 $ -- $ 8,847 Commitments to fund real estate construction loans 692 2,365 1,609 3,311 Other unused commitment: Commercial and industrial loans 1,121 -- 1,082 -- Other 907 1,266 1,102 1,908 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, 2017 totaled $2.0 million and had interest rates ranging from 4.0% to 4.7% and maturities ranging from 7 years to 20 years. The fixed rate loan commitments at June 30, 2016 totaled $2.2 million and had interest rates ranging from 4.0% to 4.70% with maturities ranging from 5 years to 30 years.

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Capital	12 Months Ended
	Jun. 30, 2017
Stockholders' Equity and Regulatory Capital [Abstract]
STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL	NOTE J - STOCKHOLDERS’ EQUITY AND REGULATORY CAPITAL Dividend Restrictions – Regulatory Capital Requirements – 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 – Additionally, the CCB, which is applicable to the above minimum risk-based capital requirements, was introduced. The CCB will eventually be 2.5% and is being phased in over a three year period. The current CCB is equal to 1.25% and increases 0.625% annually through 2019 to 2.5%. The Company and the Banks, in order to avoid limitations on capital distributions, including dividend payments, engaging in share repurchases and certain discretionary bonus payments to executive officers, must maintain the CCB at the appropriate level. To be categorized as “well-capitalized” the Banks must maintain minimum capital ratios as set forth in the following tables, which do not include the CCB: As of June 30, 2017 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 $ 52,638 30.0 % $ 7,893 4.5 % N/A N/A First Federal of Hazard 18,015 46.7 1,737 4.5 $ 2,509 6.5 % First Federal of Kentucky 30,126 25.1 6,144 4.5 8,874 6.5 Tier 1 (core) capital ratio Kentucky First Federal 52,638 30.0 10,524 6.0 N/A N/A First Federal of Hazard 18,015 46.7 2,316 6.0 3,087 8.0 First Federal of Kentucky 30,126 25.1 8,191 6.0 10,922 8.0 Total capital ratio Kentucky First Federal 54,171 30.9 14,032 8.0 N/A N/A First Federal of Hazard 18,498 47.9 3,087 8.0 3,859 10.0 First Federal of Kentucky 31,059 22.8 10,922 8.0 13,652 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 52,638 18.4 11,427 4.0 N/A N/A First Federal of Hazard 18,015 26.6 2,707 4.0 3,383 5.0 First Federal of Kentucky 30,126 13.4 8,971 4.0 11,214 5.0 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, 2017 and 2016, 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, 2017 and 2016, and pursuant to the provisions allowed by the Board of Governors of the Federal Reserve System, First Federal MHC waived $1.9 million in dividends.

Condensed Financial Statements

Condensed Financial Statements of Kentucky First Federal Bancorp	12 Months Ended
	Jun. 30, 2017
Condensed Financial Statements of Kentucky First Federal Bancorp [Abstract]
CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP	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, 2017 and 2016, and the results of its operations and its cash flows for the fiscal years ended June 30, 2017 and 2016. KENTUCKY FIRST FEDERAL BANCORP BALANCE SHEETS June 30, 2017 and 2016 (In thousands) 2017 2016 ASSETS Interest-bearing deposits in First Federal of Hazard $ 692 $ 539 Interest-bearing deposits in First Federal of Kentucky 1,292 1,391 Other interest-bearing deposits 20 18 Investment in First Federal of Hazard 18,165 18,216 Investment in Frankfort First 46,315 46,824 Prepaid expenses and other assets 702 564 Total assets $ 67,186 $ 67,552 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 40 $ 37 Total liabilities 40 37 Shareholders’ equity Common stock 86 86 Additional paid-in capital 35,084 34,639 Retained earnings 34,180 34,732 Unearned employee stock ownership plan (ESOP) (850 ) (1,036 ) Treasury shares at cost, 151,549 and 112,563 common shares at June 30, 2017 and 2016 (1,355 ) (937 ) Accumulated other comprehensive income 1 31 Total shareholders’ equity 67,146 67,515 Total liabilities and shareholders’ equity $ 67,186 $ 67,552 KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF INCOME Years ended June 30, 2017 and 2016 (Dollar amounts in thousands) 2017 2016 Income Interest income $ 79 $ 86 Dividends from First Federal of Hazard -- -- Equity in undistributed (excess distributed) earnings of First Federal of Hazard 133 186 Dividends from Frankfort First 1,564 2,057 Equity in undistributed (excess distributed) earnings of Frankfort First (494 ) (493 ) Total income 1,282 1,836 Non-interest expenses 414 462 Earnings before income taxes 868 1,374 Federal income tax expense (benefit) (67 ) (127 ) NET INCOME $ 935 $ 1,501 KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF CASH FLOWS For Years ended June 30, 2017 and 2016 (Dollar amounts in thousands) 2017 2016 Cash flows from operating activities: Net earnings for the year $ 935 $ 1,501 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries 361 307 Noncash compensation expense 382 188 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets (138 ) (4 ) Other liabilities 3 (136 ) Net cash provided by operating activities 1,543 1,856 Cash flows from financing activities: Dividends paid on common stock (1,487 ) (1,480 ) Net cash used in financing activities (1,487 ) (1,480 ) Net increase in cash and cash equivalents 56 376 Cash and cash equivalents at beginning of year 1,948 1,572 Cash and cash equivalents at end of year $ 2,004 $ 1,948

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	1. Principles of Consolidation
Use of Estimates	2. Use of Estimates
Securities	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.
Loans	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.
Loans held for sale and Mortgage Servicing Rights	5. Loans held for sale and Mortgage Servicing Rights 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 $13,000 and $12,000 during the years ended June 30, 2017 and 2016, respectively. The carrying value of the Company’s mortgage servicing rights, which approximated fair value, totaled approximately $87,000 and $94,000 at June 30, 2017 and 2016, respectively. The Company was servicing mortgage loans of approximately $10.8 million and $11.7 million that had been sold to the Federal Home Loan Bank at June 30, 2017 and 2016, respectively. During the fiscal year ended June 30, 2017, we sold $746,000 in loans under the FHLB program and the average balance of loans serviced was $11.3 million. 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 $19,000 and $21,000 for the fiscal years ended June 30, 2017 and 2016, respectively. Late fees and ancillary fees related to loan servicing are not material.
Allowance for Loan Losses	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 secured by deposits. We offer a mix of adjustable-rate and fixed-rate mortgage loans with terms up to 30 years for owner-occupied properties. For these properties a borrower may be able to borrow up to 95% of the value with private mortgage insurance. Alternatively, the borrower may be able to borrow up to 90% of the value through other programs offered by the bank. We offer loans on one- to four-family rental properties at a maximum of 80% loan-to-value (“LTV”) ratio and we generally charge a slightly higher interest rate on such loans. 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% of the appraised value, and provide for the payment of interest only during the construction phase. Funds are disbursed as progress is made toward completion of the construction. 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 years or less and do not exceed 80% of the appraised value. Loans secured by multi-family and commercial real estate generally have larger balances and involve a greater degree of risk than one- to four-family residential mortgage loans. These loans depend on the borrower’s creditworthiness and the feasibility and cash flow potential of the project. Payments on loans secured by income properties often depend on successful operation and management of the properties. As a result, repayment on such loans may be subject to a greater extent to adverse conditions in the real estate market or economy than owner-occupied residential loans. 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% of the estimated value to qualified borrowers and these loans carry a premium rate. Loans secured by savings are originated up to 90% of the depositor’s savings account balance and bear interest at a rate higher than the rate paid on the deposit account. Because the deposit account must be pledged as collateral to secure the loan, the inherent risk of this type of loan is minimal. Loans secured by automobiles are made directly to consumers (there are no relationships with dealers) and are based on the value of the vehicle and the borrower’s creditworthiness. Vehicle loans present a higher level of risk because of the natural decline in the value of the property as well as its mobility. Unsecured loans are based entirely on the borrower’s creditworthiness and present the highest level of risk to the bank. 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	7. Federal Home Loan Bank Stock
Real Estate Owned	8. Real Estate Owned
Premises and Equipment	9. Premises and Equipment
Income Taxes	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 2014.
Retirement and Employee Benefit Plans	11. Retirement and Employee Benefit Plans 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 $1,000 and $4,000 for the fiscal years ended June 30, 2017 and 2016, respectively, while the liabilities totaled $45,000 and $61,000 at June 30, 2017 and 2016, respectively. 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 $1.2 million and $1.4 million at June 30, 2017 and 2016, respectively. The Company recorded expense for the ESOP of approximately $213,000 and $188,000 for the years ended June 30, 2017 and 2016, respectively. Shares may be surrendered from the plan as employees leave employment. Total shares surrendered from the plan totaled 155,794 and 98,588 at June 30, 2017 and 2016, respectively. The amounts contributed to the ESOP were $280,000 for each of the years 2017 and 2016. For the fiscal year ended 2017 2016 Allocated shares 86,880 125,411 Shares committed to be released 9,338 9,338 Unearned shares 84,961 103,636 Total ESOP shares 181,179 238,385 Fair value of unearned shares at End of period (dollars in thousands) $ 802 $ 850 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.
Earnings Per Share	12. Earnings Per Share (in thousands) 2017 2016 Net income allocated to common shareholders, basic and diluted $ 935 $ 1,501 2017 2016 Basic Weighted-average common shares outstanding 8,345,422 8,324,195 Diluted Weighted-average common shares outstanding (diluted) 8,345,422 8,324,195 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. There were no options outstanding for fiscal year 2017 and for fiscal year 2016 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	13. 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). The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis at June 30, 2017 and 2016. The securities represented are only those classified as available-for sale. Fair Value Measurements Using Quotes Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2017 Agency mortgage-backed: residential $ 71 $ -- $ 71 $ -- 2016 Agency mortgage-backed: residential $ 81 $ -- $ 81 $ -- FHLMC stock 53 -- 53 -- $ 134 $ -- $ 134 $ -- 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 $171,000 and $151,000 for the fiscal years 2017 and 2016, respectively, and resulted in a Level 3 classification of the inputs for determining fair value. The following table presents the fair value measurements of assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2017 and 2016. Fair Value Measurements Using Quotes Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2017 Other real estate owned, net One to four family $ 103 - - $ 103 Land 79 - - 79 2016 Other real estate owned, net One to four family $ 274 - - $ 274 Land 9 - - 79 At June 30, 2017 and 2016, 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 $182,000 and $353,000 at June 30, 2017 and 2016, respectively, after write-down of $51,000 and $145,000 for the years ended June 30, 2017 and 2016, respectively. 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, 2017 and 2016: Range Fair Value Valuation Unobservable (Weighted June 30, 2017 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 103 Sales comparison approach Adjustments for differences between comparable sales -3.6% to 45.8% (9.5%) 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, 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%) 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, 2017 and 2016: Cash and cash equivalents Held-to-maturity securities Loans Federal Home Loan Bank stock Accrued interest receivable and payable Deposits Federal Home Loan Bank advances Advances by borrowers for taxes and insurance and accrued interest payable Commitments to extend credit Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at June 30, 2017 and June 30, 2016 are as follows: Fair Value Measurements at (in thousands) Carrying June 30, 2017 Using Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 12,804 $ 12,804 $ 12,804 Term deposits in other financial institutions 4,201 4,201 4,201 Available-for-sale securities 71 $ 71 71 Held-to-maturity securities 1,487 1,523 1,523 Loans receivable - net 258,244 $ 269,606 269,606 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 679 4 675 679 Financial liabilities Deposits $ 182,845 $ 78,561 $ 103,786 $ 182,347 Federal Home Loan Bank advances 55,780 55,881 55,881 Advances by borrowers for taxes and insurance 818 818 818 Accrued interest payable 21 21 21 Fair Value Measurements at (in thousands) Carrying June 30, 2017 Using 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
Cash and Cash Equivalents	14. Cash and Cash Equivalents
Goodwill	15. Goodwill
Cash Surrender Value of Life Insurance	16. Cash Surrender Value of Life Insurance
Treasury Stock	17. Treasury Stock
Related Party Transactions	18. Related Party Transactions (in thousands) 2017 2016 Outstanding principal, beginning of year $ 1,043 $ 1,393 Changes in composition of related parties -- (288 ) Principal disbursed during the year -- -- Principal repaid and refinanced during the year (60 ) (62 ) Outstanding principal, end of year $ 983 $ 1,043 Deposits from related parties held by the Company at June 30, 2017 and 2016 totaled $2.9 million and $2.7 million, respectively.
Comprehensive Income	19. Comprehensive Income
Loss Contingencies	20. Loss Contingencies
Loan Commitments and Related Financial Instruments	21. Loan Commitments and Related Financial Instruments
Dividend Restriction	22. Dividend Restriction
Operating Segments	23. Operating Segments
Reclassifications	24. Reclassifications
New Accounting Standards	25. New Accounting Standards: FASB ASC 606 - FASB ASC 825 - FASB ASC 842 - FASB ASC 718 - FASB ASC 326 - FASB ASC 740 – Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. FASB ASC 810 – Consolidation (Topic 810): Interests Held through Related Parties that are under Common Control. FASB ASC 805 – Business Combinations (Topic 805): Clarifying the Definition of a Business, FASB ASC 350 – Intangibles: Goodwill and Other: Simplifying the Test for Goodwill Impairment, FASB ASC 610 – Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Topic 610): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. Revenue from Contracts with Customers, FASB ASC 715 – Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. FASB ASC 310 – Receivables- Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2017
Summary of Significant Accounting Policies [Abstract]
Schedule of retirement and employee benefit plans	For the fiscal year ended 2017 2016 Allocated shares 86,880 125,411 Shares committed to be released 9,338 9,338 Unearned shares 84,961 103,636 Total ESOP shares 181,179 238,385 Fair value of unearned shares at End of period (dollars in thousands) $ 802 $ 850
Schedule of earnings per share	(in thousands) 2017 2016 Net income allocated to common shareholders, basic and diluted $ 935 $ 1,501 2017 2016 Basic Weighted-average common shares outstanding 8,345,422 8,324,195 Diluted Weighted-average common shares outstanding (diluted) 8,345,422 8,324,195
Schedule of fair value measurements of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements Using Quotes Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2017 Agency mortgage-backed: residential $ 71 $ -- $ 71 $ -- 2016 Agency mortgage-backed: residential $ 81 $ -- $ 81 $ -- FHLMC stock 53 -- 53 -- $ 134 $ -- $ 134 $ --
Schedule of fair value measurements of assets and liabilities measured at fair value on a nonrecurring basis	Fair Value Measurements Using Quotes Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2017 Other real estate owned, net One to four family $ 103 - - $ 103 Land 79 - - 79 2016 Other real estate owned, net One to four family $ 274 - - $ 274 Land 9 - - 79
Schedule of level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis	Range Fair Value Valuation Unobservable (Weighted June 30, 2017 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 103 Sales comparison approach Adjustments for differences between comparable sales -3.6% to 45.8% (-9.5%) 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, 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%)
Schedule of carrying value and fair value of the Company's financial instruments	Fair Value Measurements at (in thousands) Carrying June 30, 2017 Using Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 12,804 $ 12,804 $ 12,804 Term deposits in other financial institutions 4,201 4,201 4,201 Available-for-sale securities 71 $ 71 71 Held-to-maturity securities 1,487 1,523 1,523 Loans receivable - net 258,244 $ 269,606 269,606 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 679 4 675 679 Financial liabilities Deposits $ 182,845 $ 78,561 $ 103,786 $ 182,347 Federal Home Loan Bank advances 55,780 55,881 55,881 Advances by borrowers for taxes and insurance 818 818 818 Accrued interest payable 21 21 21 Fair Value Measurements at (in thousands) Carrying June 30, 2017 Using 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
Schedule of loans outstanding to executive officers, directors, significant shareholders and their affiliates	(in thousands) 2017 2016 Outstanding principal, beginning of year $ 1,043 $ 1,393 Changes in composition of related parties -- (288 ) Principal disbursed during the year -- -- Principal repaid and refinanced during the year (60 ) (62 ) Outstanding principal, end of year $ 983 $ 1,043

Securities (Tables)

Securities (Tables)	12 Months Ended
	Jun. 30, 2017
Securities [Abstract]
Schedule of gross unrealized or unrecognized gains and losses	2017 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated fair value Available-for-sale Securities Agency mortgage-backed:residential $ 70 $ 1 $ - $ 71 Held-to-maturity Securities Agency mortgage-backed: residential $ 1,487 $ 45 $ 9 $ 1,523 2016 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated 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

Loans (Tables)

Loans (Tables)	12 Months Ended
	Jun. 30, 2017
Loans [Abstract]
Schedule of loan portfolio	(in thousands) 2017 2016 Residential real estate One- to four-family $ 197,936 $ 186,125 Multi-family 15,678 15,559 Construction 2,398 2,809 Land 1,304 1,186 Farm 2,062 1,735 Nonresidential real estate 29,211 27,138 Commercial and industrial 2,540 1,847 Consumer and other Loans on deposits 1,607 1,813 Home equity 6,853 6,155 Automobile 42 69 Unsecured 400 552 260,031 244,988 Undisbursed portion of loans in process (296 ) (5,118 ) Deferred loan origination costs, net 42 113 Allowance for loan losses (1,533 ) (1,515 ) $ 258,244 $ 238,468
Schedule of allowance for loan losses and the recorded investment in loans by portfolio	June 30, 2017: (in thousands) Loans individually evaluated Loans acquired with deteriorated credit quality* Ending loans balance Ending allowance attributed to loans Unallocated allowance Total allowance Loans individually evaluated for impairment: Residential real estate: One- to four-family $ 3,706 $ 1,676 $ 5,382 $ -- $ -- $ -- Nonresidential real estate 131 -- 131 -- -- -- 3,837 1,676 5,513 -- -- -- Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 192,554 $ 773 $ -- $ 773 Multi-family 15,678 243 -- 243 Construction 2,398 6 -- 6 Land 1,304 4 -- 4 Farm 2,062 9 -- 9 Nonresidential real estate 29,080 270 -- 270 Commercial and industrial 2,540 6 -- 6 Consumer and other Loans on deposits 1,607 4 -- 4 Home equity 6,853 17 -- 17 Automobile 42 -- -- -- Unsecured 400 1 -- 1 Unallocated -- -- 200 200 254,518 1,333 200 1,533 $ 260,031 $ 1,333 $ 200 $ 1,533 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. June 30, 2016: (in thousands) Loans individually evaluated Loans acquired with deteriorated credit quality* Ending loans balance Ending allowance attributed to loans Unallocated allowance Total 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.
Schedule of impaired loans by class of loans	June 30, 2017: (in thousands) Unpaid Principal Balance and Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income Recognized With no related allowance recorded: Residential real estate: One- to four-family $ 5,382 $ -- $ 5,653 $ 71 $ 71 Nonresidential real estate 131 -- 131 -- -- Total $ 5,513 $ -- $ 5,784 $ 71 $ 71 June 30, 2016: (in thousands) Unpaid Principal Balance and Recorded Investment Allowance for Loan Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Income 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 -- -- Consumer and other Unsecured -- -- 7 -- -- Total $ 5,710 $ -- $ 5,873 $ 97 $ 97
Schedule of recorded investment in nonaccrual and loans	June 30, 2017 June 30, 2016 (in thousands) Nonaccrual Loans Past Due Over 90 Days Still Accruing Nonaccrual Loans Past Due Over 90 Days Still Accruing One- to four-family residential real estate $ 4,870 $ 1,770 $ 4,785 $ 2,166 Nonresidential real estate 151 -- 173 -- Consumer 8 11 11 -- $ 5,029 $ 1,781 $ 4,969 $ 2,166
Schedule of loans classified as TDRs	(Dollars in thousands) Number of Loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment TDRs Performing to Modified Terms TDRs Not Performing to Modified Terms June 30, 2017: Residential Real Estate: 1-4 Family 31 $ 1,970 $ 1,533 $ 657 $ 876 June 30, 2016 Residential Real Estate: 1-4 Family 35 $ 2,136 $ 1,835 $ 1,318 $ 517
Schedule of loans acquired with deteriorated credit quality	June 30, 2017: (in thousands) 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past Due Total Residential real estate: One-to four-family $ 5,193 $ 4,496 $ 9,689 $ 188,247 $ 197,936 Multi-family -- -- -- 15,678 15,678 Construction -- -- -- 2,398 2,398 Land -- -- -- 1,304 1,304 Farm 539 -- 539 1,523 2,062 Nonresidential real estate 635 133 768 28,443 29,211 Commercial and industrial -- -- -- 2,540 2,540 Consumer and other: Loans on deposits -- -- -- 1,607 1,607 Home equity 17 11 28 6,825 6,853 Automobile -- -- -- 42 42 Unsecured 13 -- 13 387 400 Total $ 6,397 $ 4,640 $ 11,037 $ 248,994 $ 260,031 June 30, 2016: (in thousands) 30-89 Days Past Due Greater than 90 Days Past Due Total Past Due Loans Not Past 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
Schedule of analysis performed, the risk category of loans by class of loans	June 30, 2017: (in thousands) Pass Special Mention Substandard Doubtful Not rated Residential real estate: One- to four-family $ -- $ 6,110 $ 9,883 $ -- $ 181,943 Multi-family 14,541 -- 1,137 -- -- Construction 2,398 -- -- -- -- Land 1,304 -- -- -- -- Farm 1,523 -- 539 -- -- Nonresidential real estate 29,061 -- 150 -- -- Commercial and industrial 2,513 27 -- -- -- Consumer and other: Loans on deposits 1,607 -- -- -- -- Home equity 6,744 93 16 -- -- Automobile 42 -- -- -- -- Unsecured 396 -- 4 -- -- Total $ 60,129 $ 6,230 $ 11,729 $ -- $ 181,943 June 30, 2016: (in thousands) Pass Special Mention Substandard Doubtful Not 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
Schedule of allowance for loan losses by portfolio segment	(in thousands) 2017 2016 Balance at beginning of year $ 1,515 $ 1,568 Provision for losses on loans 242 15 Charge-offs, net (224 ) (68 ) Balance at end of year $ 1,533 $ 1,515 June 30, 2017: (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending balance Residential real estate: One- to four-family $ 862 $ 132 $ (226 ) $ 5 $ 773 Multi-family 192 51 -- -- 243 Construction 5 1 -- -- 6 Land 2 2 -- -- 4 Farm 3 6 -- -- 9 Nonresidential real estate 217 53 -- -- 270 Commercial and industrial 18 (12 ) -- -- 6 Consumer and other: Loans on deposits 4 -- -- -- 4 Home equity 11 6 -- -- 17 Unsecured 1 3 (5 ) 2 1 Unallocated 200 -- -- -- 200 Totals $ 1,515 $ 242 $ (231 ) $ 7 $ 1,533 June 30, 2016: (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending 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
Schedule of purchased loans	(in thousands) 2017 2016 Residential real estate: One- to four-family $ 1,676 $ 2,146 Land -- -- Nonresidential real estate -- 164 Outstanding balance $ 1,676 $ 2,310
Schedule of accretable yield, or income expected to be collected	(in thousands) 2017 2016 Balance at beginning of year $ 981 $ 1,021 Accretion of income (159 ) (164 ) Reclassifications from nonaccretable difference 60 124 Disposals (162 ) -- Balance at end of year $ 720 $ 981

Real Estate Owned (Tables)

Real Estate Owned (Tables)	12 Months Ended
	Jun. 30, 2017
Real Estate Owned [Abstract]
Schedule of activity in real estate owned	(in thousands) 2017 2016 Balance at beginning of year $ 527 $ 1,593 Loans transferred to real estate owned 745 421 Capitalized expenditures 37 152 Valuation adjustments (171 ) (151 ) Disposals (780 ) (1,488 ) Balance at end of year $ 358 $ 527

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Jun. 30, 2017
Premises and Equipment [Abstract]
Schedule of premises and equipment	(in thousands) 2017 2016 Land $ 1,693 $ 1,693 Buildings and improvements 8,064 8,005 Furniture and equipment 1,963 1,939 Automobiles 71 64 11,791 11,701 Less: accumulated depreciation 5,981 5,679 Balance at end of year $ 5,810 $ 6,022

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Jun. 30, 2017
Deposit Liabilities Disclosures [Abstract]
Schedule of deposits	(in thousands) 2017 2016 Non-interest bearing checking accounts $ 5,280 $ 3,989 Checking accounts 13,461 14,456 Savings accounts 45,911 50,159 Money market demand deposits 13,909 13,200 Total demand, transaction and passbook deposits 78,561 81,814 Certificates of deposit: Original maturities of: Less than 12 months 67,649 75,007 12 months to 36 months 30,140 20,083 More than 36 months 6,495 11,668 Total certificates of deposit 104,284 106,758 Total deposits $ 182,845 $ 188,572
Schedule of maturities of outstanding certificates of deposit	(in thousands) 2017 2018 $ 67,649 2019 25,099 2020 5,041 2021 3,759 2022 and thereafter 2,736 $ 104,284

Advances from the Federal Hom28

Advances from the Federal Home Loan Bank (Tables)	12 Months Ended
	Jun. 30, 2017
Advances from the Federal Home Loan Bank [Abstract]
Schedule of advances from the federal home loan bank	Maturing year ended June 30, 2017 (in thousands) 2017 $ 51,808 2018 3,249 2019 189 2020 142 2021 107 2022 79 2023 43 2024-2032 163 $ 55,780 Maturing year ended June 30, 2016 (in thousands) 2016 $ 26,931 2017 2,328 2018 3,249 2019 189 2020 142 2021 107 2022 79 2023-2032 186 $ 33,211

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2017
Federal Income Taxes [Abstract]
Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate	(in thousands) 2017 2016 Federal income taxes at the statutory rate $ 492 $ 713 Increase (decrease) resulting primarily from: Cash surrender value of life insurance (32 ) (32 ) FIN 48 reserve recognition -- (87 ) Other 53 2 $ 513 $ 596
Schedule of the composition of the company's net deferred tax liability	(in thousands) 2017 2016 Taxes (payable) refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 521 $ 515 Deferred compensation and benefits 151 156 Accrued expenses 6 1 Fair value accounting adjustments on acquisition 376 510 Nonaccrued interest on loans 162 135 Other real estate owned adjustments 218 233 Depreciation 30 13 Total deferred tax assets 1,464 1,563 Deferred tax liabilities: Federal Home Loan Bank stock dividends (1,337 ) (1,337 ) Deferred loan origination costs (50 ) (39 ) Loan servicing rights (29 ) (32 ) Fair value accounting adjustments on acquisition (767 ) (779 ) Unrealized gain on investments -- (15 ) Other -- (3 ) Total deferred tax liabilities (2,183 ) (2,205 ) Net deferred tax liability $ (719 ) $ (642 )
Schedule of a reconciliation of the beginning and ending amount of unrecognized tax benefits	(in thousands) 2017 2016 Balance at beginning of year $ -- $ 87 Additions/(reductions) based on tax positions for the current year -- (87 ) Balance at end of year $ -- $ --

Loan Commitments (Tables)

Loan Commitments (Tables)	12 Months Ended
	Jun. 30, 2017
Loan Commitments [Abstract]
Summary of outstanding loan commitments	2017 2016 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ -- $ 9,443 $ -- $ 8,847 Commitments to fund real estate construction loans 692 2,365 1,609 3,311 Other unused commitment: Commercial and industrial loans 1,121 -- 1,082 -- Other 907 1,266 1,102 1,908 Letters of credit -- -- -- --

Stockholders' Equity and Regu31

Stockholders' Equity and Regulatory Capital (Tables)	12 Months Ended
	Jun. 30, 2017
Stockholders' Equity and Regulatory Capital [Abstract]
Schedule of minimum capital ratios	As of June 30, 2017 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 $ 52,638 30.0 % $ 7,893 4.5 % N/A N/A First Federal of Hazard 18,015 46.7 1,737 4.5 $ 2,509 6.5 % First Federal of Kentucky 30,126 25.1 6,144 4.5 8,874 6.5 Tier 1 (core) capital ratio Kentucky First Federal 52,638 30.0 10,524 6.0 N/A N/A First Federal of Hazard 18,015 46.7 2,316 6.0 3,087 8.0 First Federal of Kentucky 30,126 25.1 8,191 6.0 10,922 8.0 Total capital ratio Kentucky First Federal 54,171 30.9 14,032 8.0 N/A N/A First Federal of Hazard 18,498 47.9 3,087 8.0 3,859 10.0 First Federal of Kentucky 31,059 22.8 10,922 8.0 13,652 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 52,638 18.4 11,427 4.0 N/A N/A First Federal of Hazard 18,015 26.6 2,707 4.0 3,383 5.0 First Federal of Kentucky 30,126 13.4 8,971 4.0 11,214 5.0 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

Condensed Financial Statement32

Condensed Financial Statements of Kentucky First Federal Bancorp (Tables)	12 Months Ended
	Jun. 30, 2017
Condensed Financial Statements of Kentucky First Federal Bancorp [Abstract]
Schedule of Balance Sheets	2017 2016 ASSETS Interest-bearing deposits in First Federal of Hazard $ 692 $ 539 Interest-bearing deposits in First Federal of Kentucky 1,292 1,391 Other interest-bearing deposits 20 18 Investment in First Federal of Hazard 18,165 18,216 Investment in Frankfort First 46,315 46,824 Prepaid expenses and other assets 702 564 Total assets $ 67,186 $ 67,552 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 40 $ 37 Total liabilities 40 37 Shareholders’ equity Common stock 86 86 Additional paid-in capital 35,084 34,639 Retained earnings 34,180 34,732 Unearned employee stock ownership plan (ESOP) (850 ) (1,036 ) Treasury shares at cost, 151,549 and 112,563 common shares at June 30, 2017 and 2016 (1,355 ) (937 ) Accumulated other comprehensive income 1 31 Total shareholders’ equity 67,146 67,515 Total liabilities and shareholders’ equity $ 67,186 $ 67,552
Schedule of Statements of Income	2017 2016 Income Interest income $ 79 $ 86 Dividends from First Federal of Hazard -- -- Equity in undistributed (excess distributed) earnings of First Federal of Hazard 133 186 Dividends from Frankfort First 1,564 2,057 Equity in undistributed earnings of Frankfort First (494 ) (493 ) Total income 1,282 1,836 Non-interest expenses 414 462 Earnings before income taxes 868 1,374 Federal income tax expense (benefit) (67 ) (127 ) NET INCOME $ 935 $ 1,501
Schedule of Statements of Cash Flows	2017 2016 Cash flows from operating activities: Net earnings for the year $ 935 $ 1,501 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries 361 307 Noncash compensation expense 382 188 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets (138 ) (4 ) Other liabilities 3 (136 ) Net cash provided by operating activities 1,543 1,856 Cash flows from financing activities: Dividends paid on common stock (1,487 ) (1,480 ) Net cash used in financing activities (1,487 ) (1,480 ) Net increase in cash and cash equivalents 56 376 Cash and cash equivalents at beginning of year 1,948 1,572 Cash and cash equivalents at end of year $ 2,004 $ 1,948

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Allocated shares	86,880	125,411
Shares committed to be released	9,338	9,338
Unearned shares	84,961	103,636
Total ESOP shares	181,179	238,385
Fair value of unearned shares at End of period (dollars in thousands)	$ 802	$ 850

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income allocated to common shareholders, basic and diluted	$ 935	$ 1,501
Basic
Weighted-average common shares outstanding	8,345,422	8,324,195
Diluted
Weighted-average common shares outstanding (diluted)	8,345,422	8,324,195

Summary of Significant Accoun35

Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	$ 71	$ 134
FHLMC stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value		53
Quotes Prices in Active Markets for Identical Assets (Level 1) [Member] | FHLMC stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Significant Other Observable Inputs (Level 2) [Member] | FHLMC stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value		53
Significant Unobservable Inputs (Level 3) [Member] | FHLMC stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Agency mortgage-backed: residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	71	81
Agency mortgage-backed: residential [Member] | Quotes Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Agency mortgage-backed: residential [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	71	81
Agency mortgage-backed: residential [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Details 3) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	$ 71	$ 134
Other Real Estate Owned [Member] | 1-4 family [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	103	274
Other Real Estate Owned [Member] | 1-4 family [Member] | Quotes Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Other Real Estate Owned [Member] | 1-4 family [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Other Real Estate Owned [Member] | 1-4 family [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	103	274
Other Real Estate Owned [Member] | Land [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	79	9
Other Real Estate Owned [Member] | Land [Member] | Quotes Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Other Real Estate Owned [Member] | Land [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value
Other Real Estate Owned [Member] | Land [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, Fair Value	$ 79	$ 79

Summary of Significant Accoun37

Summary of Significant Accounting Policies (Details 4) - Repossessed assets [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
1-4 family [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 103	$ 274
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)	(9.50%)	(5.10%)
1-4 family [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	45.80%	15.20%
1-4 family [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	(3.60%)	(24.00%)
Land [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 79	$ 79
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%)	5.00%
Land [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	6.60%	6.60%
Land [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	3.50%	3.50%

Summary of Significant Accoun38

Summary of Significant Accounting Policies (Details 5) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Financial assets
Cash and cash equivalents	$ 12,804	$ 13,108	$ 13,635
Time deposits in other financial institutions	4,201	3,711
Available-for-sale securities	71	134
Held-to-maturity securities	1,487	4,079
Loans receivable - net	258,244	238,468
Federal Home Loan Bank stock	6,482	6,482
Accrued interest receivable	679	710
Cash and cash equivalents	12,804	13,108
Term deposits in other financial institutions, Fair Value	4,201	3,711
Available-for-sale securities, Fair Value	71	134
Held-to-maturity securities, Fair Value	1,523	4,151
Loans receivable - net, Fair Value	269,606	242,456
Accrued interest receivable, Fair Value	679	710
Financial liabilities
Deposits	182,845	188,572
Federal Home Loan Bank advances	55,780	33,211
Advances by borrowers for taxes and insurance	818	741
Accrued interest payable	21	22
Deposits	182,347	188,634
Federal Home Loan Bank advances	55,881	33,517
Advances by borrowers for taxes and insurance	818	741
Accrued interest payable	21	22
Level 1 [Member]
Financial assets
Cash and cash equivalents	12,804	13,108
Term deposits in other financial institutions, Fair Value	4,201	3,711
Available-for-sale securities, Fair Value
Held-to-maturity securities, Fair Value
Loans receivable - net, Fair Value
Federal Home Loan Bank stock, Fair Value
Accrued interest receivable, Fair Value
Financial liabilities
Deposits	78,561	81,814
Federal Home Loan Bank advances
Advances by borrowers for taxes and insurance
Accrued interest payable
Level 2 [Member]
Financial assets
Cash and cash equivalents
Term deposits in other financial institutions, Fair Value
Available-for-sale securities, Fair Value	71	134
Held-to-maturity securities, Fair Value	1,523	4,151
Loans receivable - net, Fair Value
Federal Home Loan Bank stock, Fair Value
Accrued interest receivable, Fair Value	4	21
Financial liabilities
Deposits	103,786	106,820
Federal Home Loan Bank advances	55,881	33,517
Advances by borrowers for taxes and insurance	818	741
Accrued interest payable	21	22
Level 3 [Member]
Financial assets
Cash and cash equivalents
Term deposits in other financial institutions, Fair Value
Available-for-sale securities, Fair Value
Held-to-maturity securities, Fair Value
Loans receivable - net, Fair Value	269,606	242,456
Federal Home Loan Bank stock, Fair Value
Accrued interest receivable, Fair Value	675	689
Financial liabilities
Deposits
Federal Home Loan Bank advances
Advances by borrowers for taxes and insurance
Accrued interest payable

Summary of Significant Accoun39

Summary of Significant Accounting Policies (Details 6) - Management [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Related Party Transaction [Line Items]
Outstanding principal, beginning of year	$ 1,043	$ 1,393
Changes in composition of related parties		(288)
Principal disbursed during the year
Principal repaid and refinanced during the year	(60)	(62)
Outstanding principal, end of year	$ 983	$ 1,043

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Summary of Significant Accounting Policies (Textual)
Amortization related mortgage servicing rights totaling	$ 13,000	$ 12,000
Servicing mortgage loans	10,800,000	11,700,000
Loan sold under FHLB Program	746,000
Average loan serviced	11,300,000
Servicing fees	$ 19,000	21,000
Fixed-rate mortgage loans with terms	30 years
Mortgage loans on real estate	95.00%
Loan-to-value, percentage	80.00%
Funding target attainment percentage	93.00%
Deferred compensation	$ 1,000	4,000
Liabilities totaled	45,000	61,000
Repayment of a loan	1,200,000	1,400,000
Expense for ESOP	$ 213,000	$ 188,000
Total shares surrendered plan totaled	84,961	103,636
Amounts contributed ESOP	$ 280,000	$ 280,000
Valuation adjustments	171,000	151,000
Fair value less costs to sell, carrying amount	182,000	353,000
Write-down	51,000	145,000
Deposits from related parties	$ 2,900,000	$ 2,700,000
Multi Family and Nonresidential Loans [Member]
Summary of Significant Accounting Policies (Textual)
Fixed-rate mortgage loans with terms	25 years
Mortgage loans on real estate alternate percentage	80.00%
Loans To Qualified Borrowers [Member]
Summary of Significant Accounting Policies (Textual)
Loan-to-value, percentage	90.00%
Loans Secured By Savings [Member]
Summary of Significant Accounting Policies (Textual)
Loan-to-value, percentage	90.00%
Construction Loans [Member]
Summary of Significant Accounting Policies (Textual)
Mortgage loans on real estate alternate percentage	80.00%
Employee Stock Ownership Plan [Member]
Summary of Significant Accounting Policies (Textual)
Total shares surrendered plan totaled	155,794	98,588
Pentegra DB Plan [Member]
Summary of Significant Accounting Policies (Textual)
Plan contributions		$ 153,200,000	$ 163,100,000
Plan contributions, percentage	5.00%	5.00%
Expense related plans totaling	$ 695,000	$ 558,000
Mortgage Servicing Rights [Member]
Summary of Significant Accounting Policies (Textual)
Fair value, total	$ 87,000	$ 94,000
First Mortgage [Member]
Summary of Significant Accounting Policies (Textual)
Mortgage loans on real estate alternate percentage	90.00%

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Available-for-sale Securities
Available-for-sale Securities, Amortized cost		$ 87
Available-for-sale Securities, Gross unrealized/ unrecognized gains		47
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value	$ 71	134
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost		4,079
Held-to-maturity Securities, Gross unrealized/ unrecognized gains		72
Held-to-maturity Securities, Gross unrealized/ unrecognized losses
Held-to-maturity Securities, Estimated fair value	1,523	4,151
Agency mortgage-backed:residential [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	70	79
Available-for-sale Securities, Gross unrealized/ unrecognized gains	1	2
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value	71	81
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost	1,487	2,048
Held-to-maturity Securities, Gross unrealized/ unrecognized gains	45	70
Held-to-maturity Securities, Gross unrealized/ unrecognized losses	9
Held-to-maturity Securities, Estimated fair value	$ 1,523	2,118
FHLMC stock [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost		8
Available-for-sale Securities, Gross unrealized/ unrecognized gains		45
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value		53
Agency bonds [Member]
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost		2,031
Held-to-maturity Securities, Gross unrealized/ unrecognized gains		2
Held-to-maturity Securities, Gross unrealized/ unrecognized losses
Held-to-maturity Securities, Estimated fair value		$ 2,033

Securities (Details Textual)

Securities (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Securities Held as Collateral, at Fair Value	$ 1,500,000	$ 500,000
Unrealized Gain (Loss) on Securities	9,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,300,000	$ 2,200,000
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member]
Schedule Of Available For Sale Securities And Held To Maturity [Line Items]
Unrealized Gain (Loss) on Securities	$ 64,000

Loans (Details)

Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Construction	$ 2,398	$ 2,809
Land	1,304	1,186
Farm	2,062	1,735
Nonresidential real estate	29,211	27,138
Consumer and other, Loans on deposits	1,607	1,813
Consumer and other, Home equity	6,853	6,155
Consumer and other, Automobile	42	69
Consumer and other, Unsecured	400	552
Loans Receivable, Recorded Investment	260,031	244,988
Undisbursed portion of loans in process	(296)	(5,118)
Deferred loan origination costs, net	42	113
Allowance for loan losses	(1,533)	(1,515)	$ (1,568)
Loans receivable - net	258,244	238,468
Commercial and industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Commercial and industrial	2,540	1,847
One-to four-family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	197,936	186,125
Allowance for loan losses	(773)	(862)	(1,059)
Residential real estate, Multi-family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	15,678	15,559
Allowance for loan losses	$ (243)	$ (192)	$ (94)

Loans (Details 1)

Loans (Details 1) - USD ($) $ in Thousands		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated		$ 3,837	$ 3,400
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]	1,676	2,310
Loans individually evaluated for impairment, Total allowance
Loans collectively evaluated for impairment, Total allowance		1,533	1,515
Allowance for loan losses		1,533	1,515	$ 1,568
Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance
Loans collectively evaluated for impairment, Ending loans balance		1,333	1,315
Allowance for loan losses		1,333	1,315
Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		5,513	5,710
Loans collectively evaluated for impairment, Ending loans balance		254,518	239,278
Allowance for loan losses		260,031	244,988
Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance
Loans collectively evaluated for impairment, Total allowance		200	200
Allowance for loan losses		200	200
One-to four-family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated		3,706	3,400
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]	1,676	2,146
Loans individually evaluated for impairment, Total allowance
Loans collectively evaluated for impairment, Total allowance		773	862
Allowance for loan losses		773	862	1,059
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
Loans collectively evaluated for impairment, Ending loans balance		773	862
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		5,382	5,546
Loans collectively evaluated for impairment, Ending loans balance		192,554	180,579
One-to four-family [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance
Loans collectively evaluated for impairment, Total allowance
Residential real estate, Multi-family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		243	192
Allowance for loan losses		243	192	94
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		243	192
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		15,678	15,559
Residential real estate, Multi-family [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
Residential real estate Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		6	5
Allowance for loan losses		6	5	21
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		6	5
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		2,398	2,809
Residential real estate Construction [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		4	2
Allowance for loan losses		4	2	7
Land [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		4	2
Land [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		1,304	1,186
Land [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
Farm [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		9	3
Allowance for loan losses		9	3	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		9	3
Farm [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		2,062	1,735
Farm [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
Nonresidential real estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Individually evaluated		131
Loans individually evaluated for impairment, Acquired with deteriorated credit quality	[1]		164
Loans individually evaluated for impairment, Total allowance
Loans collectively evaluated for impairment, Total allowance		270	217
Nonresidential 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
Loans collectively evaluated for impairment, Ending loans balance		270	217
Nonresidential real estate [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		131	164
Loans collectively evaluated for impairment, Ending loans balance		29,080	26,974
Nonresidential real estate [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Total allowance
Loans collectively evaluated for impairment, Total allowance
Commercial and industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		6
Loans collectively evaluated for impairment, Ending loans balance			18
Allowance for loan losses		6	18	10
Commercial and industrial [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		6
Loans collectively evaluated for impairment, Ending loans balance			18
Commercial and industrial [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance		2,540
Loans collectively evaluated for impairment, Ending loans balance			1,847
Commercial and industrial [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans individually evaluated for impairment, Ending loans balance
Loans collectively evaluated for impairment, Ending loans balance
Loans on deposits [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		4	4
Allowance for loan losses		4	4	13
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	4
Loans on deposits [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		1,607	1,813
Loans on deposits [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
Home equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		17	11
Allowance for loan losses		17	11	31
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		17	11
Home equity [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		6,853	6,155
Home equity [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
Unsecured [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance		1	1
Allowance for loan losses		1	1	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	1
Unsecured [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		400	552
Unsecured [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
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
Unallocated [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance
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
Allowance for loan losses
Automobile [Member] | Ending allowance attributed to loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance
Automobile [Member] | Ending loans balance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Ending loans balance		42	69
Automobile [Member] | Unallocated allowance [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Loans collectively evaluated for impairment, Total allowance
[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, 2017	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	$ 5,513	$ 5,710
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance
Impaired loans, Average Recorded Investment, With No Related Allowance	5,784	5,873
Impaired loans, Interest Income Recognized, With No Related Allowance	71	97
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	71	97
One-to four-family [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	5,382	5,546
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance
Impaired loans, Average Recorded Investment, With No Related Allowance	5,653	5,135
Impaired loans, Interest Income Recognized, With No Related Allowance	71	70
Impaired loans, Cash Basis Income Recognized, With No Related Allowance	71	70
Land [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance
Impaired loans, Average Recorded Investment, With No Related Allowance		330
Impaired loans, Interest Income Recognized, With No Related Allowance		27
Impaired loans, Cash Basis Income Recognized, With No Related Allowance		27
Consumer and other Unsecured [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance
Impaired loans, Average Recorded Investment, With No Related Allowance		7
Impaired loans, Interest Income Recognized, With No Related Allowance
Impaired loans, Cash Basis Income Recognized, With No Related Allowance
Nonresidential real estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans, Unpaid Principal Balance and Recorded Investment, With No Related Allowance	131	164
Impaired loans, Allowance for Loan Losses Allocated, With No Related Allowance
Impaired loans, Average Recorded Investment, With No Related Allowance	131	401
Impaired loans, Interest Income Recognized, With No Related Allowance
Impaired loans, Cash Basis Income Recognized, With No Related Allowance

Loans (Details 3)

Loans (Details 3) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	$ 5,029	$ 4,969
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	1,781	2,166
One-to four-family [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	4,870	4,785
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	1,770	2,166
Nonresidential real estate [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	151	173
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing
Consumer [Member]
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual	8	11
Financing Receivable, Recorded Investment, Loans Past Due Over 90 Days Still Accruing	$ 11

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, 2017USD ($)Loan	Jun. 30, 2016USD ($)Loan
Financing Receivable, Recorded Investment [Line Items]
TDRs, Number of Loans | Loan	31	35
TDRs, Pre Modification Outstanding Recorded Investment	$ 1,970	$ 2,136
TDRs, Post Modification Outstanding Recorded Investment	1,533	1,835
TDRs Performing to Modified Terms [Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment	657	1,318
TDRs Not Performing to Modified Terms[Member]
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 876	$ 517

Loans (Details 5)

Loans (Details 5) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 11,037	$ 10,836
Loans Not Past Due	248,994	234,152
Total	260,031	244,988
Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,640	4,530
30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,397	6,306
One-to four-family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,689	10,089
Loans Not Past Due	188,247	176,036
Total	197,936	186,125
One-to four-family [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,496	4,377
One-to four-family [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,193	5,712
Multi-family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans Not Past Due	15,678	15,559
Total	15,678	15,559
Multi-family [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Multi-family [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		548
Loans Not Past Due	2,398	2,261
Total	2,398	2,809
Construction [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Construction [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		548
Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans Not Past Due	1,304	1,186
Total	1,304	1,186
Land [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Land [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Farm [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	539
Loans Not Past Due	1,523	1,735
Total	2,062	1,735
Farm [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Farm [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	539
Nonresidential real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	768	153
Loans Not Past Due	28,443	26,985
Total	29,211	27,138
Nonresidential real estate [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	133	153
Nonresidential real estate [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	635
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans Not Past Due	2,540	1,847
Total	2,540	1,847
Commercial and industrial [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial and industrial [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans on deposits [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans Not Past Due	1,607	1,813
Total	1,607	1,813
Loans on deposits [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans on deposits [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	28	37
Loans Not Past Due	6,825	6,118
Total	6,853	6,155
Home equity [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11
Home equity [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	37
Unsecured [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13	9
Loans Not Past Due	387	543
Total	400	552
Unsecured [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Unsecured [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	13	9
Automobile [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Loans Not Past Due	42	69
Total	42	69
Automobile [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Automobile [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due

Loans (Details 6)

Loans (Details 6) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	$ 260,031	$ 244,988
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	60,129	57,411
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,230	7,321
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	11,729	12,488
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	181,943	167,768
One-to four-family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	197,936	186,125
One-to four-family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
One-to four-family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,110	6,387
One-to four-family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	9,883	11,970
One-to four-family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
One-to four-family [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	181,943	167,768
Multi-family [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	15,678	15,559
Multi-family [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	14,541	15,220
Multi-family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Multi-family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,137	339
Multi-family [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Multi-family [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	2,398	2,809
Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	2,398	2,809
Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Construction [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Nonresidential real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	29,061	26,061
Nonresidential real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment		904
Nonresidential real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	150	173
Nonresidential real estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Nonresidential real estate [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,304	1,186
Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,304	1,186
Land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Land [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Land [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	2,062	1,735
Farm [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,523	1,735
Farm [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Farm [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	539
Farm [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Farm [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Loans on deposits [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,607	1,813
Loans on deposits [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	1,607	1,813
Loans on deposits [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Loans on deposits [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Loans on deposits [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Loans on deposits [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Commercials and Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	2,513	1,817
Commercials and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	27	30
Commercials and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Commercials and Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Commercials and Industrial [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,853	6,155
Home equity [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	6,744	6,149
Home equity [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	93
Home equity [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	16	6
Home equity [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Home equity [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	400	552
Unsecured [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	396	552
Unsecured [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Unsecured [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	4
Unsecured [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Unsecured [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Automobile [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	42	69
Automobile [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment	42	69
Automobile [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Automobile [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Automobile [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment
Automobile [Member] | Not rated [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans Receivable, Recorded Investment

Loans (Details 7)

Loans (Details 7) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Loans [Abstract]
Balance at beginning of year	$ 1,515	$ 1,568
Provision for losses on loans	242	15
Charge-offs, net	(224)	(68)
Balance at end of year	$ 1,533	$ 1,515

Loans (Details 8)

Loans (Details 8) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	$ 1,515	$ 1,568
Provision for loan losses	242	15
Loans charged off	(231)	(80)
Recoveries	7	12
Balance at end of year	1,533	1,515
Residential Real Estate One To Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	862	1,059
Provision for loan losses	132	(129)
Loans charged off	(226)	(80)
Recoveries	5	12
Balance at end of year	773	862
Residential Real Estate Multi Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	192	94
Provision for loan losses	51	98
Loans charged off
Recoveries
Balance at end of year	243	192
Residential real estate Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	5	21
Provision for loan losses	1	(16)
Loans charged off
Recoveries
Balance at end of year	6	5
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	2	7
Provision for loan losses	2	(5)
Loans charged off
Recoveries
Balance at end of year	4	2
Nonresidential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	217	121
Provision for loan losses	53	96
Loans charged off
Recoveries
Balance at end of year	270	217
Farm [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	3	9
Provision for loan losses	6	(6)
Loans charged off
Recoveries
Balance at end of year	9	3
Loans on deposits [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	4	13
Provision for loan losses		(9)
Loans charged off
Recoveries
Balance at end of year	4	4
Home equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	11	31
Provision for loan losses	6	(20)
Loans charged off
Recoveries
Balance at end of year	17	11
Unsecured [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	1	3
Provision for loan losses	3	(2)
Loans charged off	(5)
Recoveries	2
Balance at end of year	1	1
Unallocated [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	200	200
Provision for loan losses
Loans charged off
Recoveries
Balance at end of year	200	200
Commercials and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	18	10
Provision for loan losses	(12)	8
Loans charged off
Recoveries
Balance at end of year	6	18
Automobile [Member]
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year
Provision for loan losses
Loans charged off
Recoveries
Balance at end of year

Loans (Details 9)

Loans (Details 9) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance	$ 1,676	$ 2,310
Residential Real Estate One to Four Family [Member]
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance	1,676	2,146
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance
Nonresidential real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Outstanding balance		$ 164

Loans (Details 10)

Loans (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Balance at beginning of year	$ 981	$ 1,021
Accretion of income	(159)	(164)
Reclassifications from nonaccretable difference	60	124
Disposals	(162)
Balance at end of year	$ 720	$ 981

Loans (Details Textual)

Loans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Modifications [Line Items]
Net of a credit quality component	$ 388	$ 464
Toans on nonaccrual, TDR	1,200	1,500
Loans acquired credit quality	1,700	2,300
Nonaccrual loan	5,029	4,969
Loans past due over 90 days and still accruing of loans acquired	1,781	2,166
Total past due	11,037	10,836
30-89 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Total past due	6,397	6,306
Greater than 90 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Total past due	4,640	4,530
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Modifications [Line Items]
Nonaccrual loan	566	1,100
Loans past due over 90 days and still accruing of loans acquired	486	712
Residential Real Estate One to Four Family [Member]
Financing Receivable, Modifications [Line Items]
One- to four family residential real estate loan	99	282
Nonaccrual loan	4,870	4,785
Loans past due over 90 days and still accruing of loans acquired	1,770	2,166
Total past due	9,689	10,089
Residential Real Estate One to Four Family [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Total past due	5,193	5,712
Residential Real Estate One to Four Family [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Total past due	4,496	4,377
Troubled Debt Restructuring [Member] | 30-89 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Total past due	25
Troubled Debt Restructuring [Member] | Greater than 90 Days Past Due [Member]
Financing Receivable, Modifications [Line Items]
Total past due	$ 1,000	$ 514

Real Estate Owned (Details)

Real Estate Owned (Details) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Real Estate Owned [Line Items]
Balance at beginning of year	$ 527,000	$ 1,593,000
Loans transferred to real estate owned	745,000	421,000
Capitalized expenditures	37	152,000
Valuation adjustments	(171,000)	(151,000)
Disposals	(780,000)	(1,488,000)
Balance at end of year	$ 358,000	$ 527,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Premises and Equipment [Line Items]
Land	$ 1,693	$ 1,693
Buildings and improvements	8,064	8,005
Furniture and equipment	1,963	1,939
Automobiles	71	64
Premises and equipment, Gross	11,791	11,701
Less: accumulated depreciation	5,981	5,679
Balance at end of year	$ 5,810	$ 6,022

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Deposits [Line Items]
Non-interest bearing checking accounts	$ 5,280	$ 3,989
Checking accounts	13,461	14,456
Savings accounts	45,911	50,159
Money market demand deposits	13,909	13,200
Total demand, transaction and passbook deposits	78,561	81,814
Original maturities of:
Less than 12 months	67,649	75,007
12 months to 36 months	30,140	20,083
More than 36 months	6,495	11,668
Total certificates of deposit	104,284	106,758
Total deposits	$ 182,845	$ 188,572

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Deposit Liabilities Disclosures [Abstract]
2,018	$ 67,649
2,019	25,099
2,020	5,041
2,021	3,759
2022 and thereafter	2,736
Total certificates of deposit	$ 104,284	$ 106,758

Deposits (Details Textual)

Deposits (Details Textual) - USD ($) $ in Millions	Jun. 30, 2017	Jun. 30, 2016
Deposits (Textual)
Certificate of deposit accounts with balances equal to or in excess of $250,000 totaling	$ 4.7	$ 5.2

Advances from the Federal Hom60

Advances from the Federal Home Loan Bank (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Advances from the Federal Home Loan Bank [Line Items]
2,016		$ 26,931
2,017	$ 51,808	2,328
2,018	3,249	3,249
2,019	189	189
2,020	142	142
2,021	107	107
2,022	79	79
2,023	43
2023-2032		186
2024-2032	163
Advances from the Federal Home Loan Banks	$ 55,780	$ 33,211

Advances from the Federal Hom61

Advances from the Federal Home Loan Bank (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Advances from the Federal Home Loan Bank (Textual)
Advances from the federal home loan bank	$ 55,780	$ 33,211
Federal home loan bank, advances, ability to borrow total	71,900
Federal home loan bank, advances, pledged collateral which would enable us to borrow up amount	$ 5,000
Maximum [Member]
Advances from the Federal Home Loan Bank (Textual)
Federal home loan bank, advances, fixed interest rate	6.20%	6.35%
Minimum [Member]
Advances from the Federal Home Loan Bank (Textual)
Federal home loan bank, advances, fixed interest rate	0.81%	0.43%
Weighted-average [Member]
Advances from the Federal Home Loan Bank (Textual)
Federal home loan bank, advances, fixed interest rate	1.29%	0.93%
Residential Mortgage Loans [Member]
Advances from the Federal Home Loan Bank (Textual)
Advances from the federal home loan bank	$ 65,300	$ 40,300

Federal Income Taxes (Details)

Federal Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Federal Income Taxes [Line Items]
Federal income taxes at the statutory rate	$ 492	$ 713
Increase (decrease) resulting primarily from:
Cash surrender value of life insurance	(32)	(32)
FIN 48 reserve recognition		(87)
Other	53	2
Total federal income taxes	$ 513	$ 596

Federal Income Taxes (Details 1

Federal Income Taxes (Details 1) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Deferred tax assets:
General loan loss allowance	$ 521	$ 515
Deferred compensation and benefits	151	156
Accrued expenses	6	1
Fair value accounting adjustments on acquisition	376	510
Nonaccrued interest on loans	162	135
Other real estate owned adjustments	218	233
Depreciation	30	13
Total deferred tax assets	1,464	1,563
Deferred tax liabilities:
Federal Home Loan Bank stock dividends	(1,337)	(1,337)
Deferred loan origination costs	(50)	(39)
Loan servicing rights	(29)	(32)
Fair value accounting adjustments on acquisition	(767)	(779)
Unrealized gain on investments		(15)
Other		(3)
Total deferred tax liabilities	(2,183)	(2,205)
Net deferred tax liability	$ (719)	$ (642)

Federal Income Taxes (Details 2

Federal Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
A reconciliation of the beginning and ending amount of unrecognized tax benefits [Line Items]
Balance at beginning of year		$ 87
Additions/(reductions) based on tax positions for the current year		(87)
Balance at end of year

Federal Income Taxes (Details T

Federal Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 1997
Federal Income Taxes (Textual)
Effective income tax rate reconciliation special bad debt deduction		8.00%
Retained earnings for which federal income taxes have not been provided	$ 5,200,000
Amount of unrecognized deferred tax liability relating to the cumulative bad debt deduction	1,800,000
Federal income tax return to report reduced tax liability	$ 80,000

Loan Commitments (Details)

Loan Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Unused commitment, Revolving, open-end lines secured by real estate [Member] | Fixed [Member]
Outstanding loan commitments
Unused commitment, Revolving, open-end lines secured by real estate [Member] | Variable [Member]
Outstanding loan commitments	9,443	8,847
Unused commitment, Commitments to fund real estate construction loans [Member] | Fixed [Member]
Outstanding loan commitments	692	1,609
Unused commitment, Commitments to fund real estate construction loans [Member] | Variable [Member]
Outstanding loan commitments	2,365	3,311
Other unused commitment, Commercial and industrial loans [Member] | Fixed [Member]
Outstanding loan commitments	1,121	1,082
Other unused commitment, Commercial and industrial loans [Member] | Variable [Member]
Outstanding loan commitments
Other unused commitment, Other [Member] | Fixed [Member]
Outstanding loan commitments	907	1,102
Other unused commitment, Other [Member] | Variable [Member]
Outstanding loan commitments	1,266	1,908
Other unused commitment, Letters of credit [Member] | Fixed [Member]
Outstanding loan commitments
Other unused commitment, Letters of credit [Member] | Variable [Member]
Outstanding loan commitments

Loan Commitments (Details Textu

Loan Commitments (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Loan Commitments (Textual)
Fixed rate loan commitments	$ 2	$ 2.2
Maximum [Member]
Loan Commitments (Textual)
Loan commitments interest rates	4.70%	4.70%
Loan commitments maturities term	20 years	30 years
Minimum [Member]
Loan Commitments (Textual)
Loan commitments interest rates	4.00%	4.00%
Loan commitments maturities term	7 years	5 years

Stockholders' Equity and Regu68

Stockholders' Equity and Regulatory Capital (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Kentucky First Federal [Member]
Common Equity Tier 1 capital ratio, Actual Amount	$ 52,638	$ 52,977
Common Equity Tier 1 capital ratio, Actual Ratio	30.00%	31.40%
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 7,893	$ 7,597
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
Tier 1 (core) capital ratio, Actual Amount	$ 52,638	$ 52,977
Tier 1 (core) capital ratio, Actual Ratio	30.00%	31.40%
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 10,524	$ 10,129
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 (core) capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
Total capital ratio, Actual Amount	$ 54,171	$ 54,512
Total capital ratio, Actual Ratio	30.90%	32.30%
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 14,032	$ 13,506
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount
Total capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
Tier 1 leverage capital to average assets, Actual Amount	$ 52,638	$ 52,977
Tier 1 leverage capital to average assets, Actual Ratio	18.40%	19.00%
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Amount	$ 11,427	$ 11,183
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 leverage capital to average assets, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount
Tier 1 leverage capital to average assets, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
First Federal of Hazard [Member]
Common Equity Tier 1 capital ratio, Actual Amount	$ 18,015	$ 18,035
Common Equity Tier 1 capital ratio, Actual Ratio	46.70%	50.10%
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 1,737	$ 1,618
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 2,509	$ 2,338
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 (core) capital ratio, Actual Amount	$ 18,015	$ 18,035
Tier 1 (core) capital ratio, Actual Ratio	46.70%	50.10%
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 2,316	$ 2,158
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 (core) capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 3,087	$ 2,877
Tier 1 (core) capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Total capital ratio, Actual Amount	$ 18,498	$ 18,486
Total capital ratio, Actual Ratio	47.90%	51.40%
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 3,087	$ 2,877
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 3,859	$ 3,597
Total capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 leverage capital to average assets, Actual Amount	$ 18,015	$ 18,035
Tier 1 leverage capital to average assets, Actual Ratio	26.60%	24.70%
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Amount	$ 2,707	$ 2,927
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 leverage capital to average assets, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 3,383	$ 3,658
Tier 1 leverage capital to average assets, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
First Federal of Kentucky [Member]
Common Equity Tier 1 capital ratio, Actual Amount	$ 30,126	$ 30,448
Common Equity Tier 1 capital ratio, Actual Ratio	25.10%	22.80%
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 6,144	$ 6,016
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	4.50%	4.50%
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 8,874	$ 8,689
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 (core) capital ratio, Actual Amount	$ 30,126	$ 30,448
Tier 1 (core) capital ratio, Actual Ratio	25.10%	22.80%
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 8,191	$ 8,021
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%	6.00%
Tier 1 (core) capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 10,922	$ 10,694
Tier 1 (core) capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Total capital ratio, Actual Amount	$ 31,059	$ 31,412
Total capital ratio, Actual Ratio	22.80%	23.50%
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 10,922	$ 10,694
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%	8.00%
Total capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 13,652	$ 13,368
Total capital ratio, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Tier 1 leverage capital to average assets, Actual Amount	$ 30,126	$ 30,448
Tier 1 leverage capital to average assets, Actual Ratio	13.40%	14.20%
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Amount	$ 8,971	$ 8,584
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 leverage capital to average assets, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 11,214	$ 10,730
Tier 1 leverage capital to average assets, To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%

Stockholders' Equity and Regu69

Stockholders' Equity and Regulatory Capital (Details Textual) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Stockholders' Equity and Regulatory Capital (Textual)
Declare dividends	$ 64,000
Percentage of increase in capital conservation buffer	1.25%
First Federal MHC waived dividends	$ 1,900,000	$ 1,900,000
Minimum [Member]
Stockholders' Equity and Regulatory Capital (Textual)
Percentage of capital conservation buffer	0.625%
2019 [Member]
Stockholders' Equity and Regulatory Capital (Textual)
Percentage of capital conservation buffer	2.50%
New Capital Rules [Member]
Stockholders' Equity and Regulatory Capital (Textual)
Tier 1 leverage ratio	5.00%
Tier 1 risk-based capital ratio	8.00%
Total risk-based capital ratio	10.00%
Common equity Tier 1 risk-based capital ratio	6.50%

Condensed Financial Statement70

Condensed Financial Statements of Kentucky First Federal Bancorp (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
ASSETS
Other interest-bearing deposits	$ 8,769	$ 8,811
Prepaid expenses and other assets	610	966
Total assets	308,485	291,871
LIABILITIES AND SHAREHOLDERS' EQUITY
Total liabilities	241,339	224,356
Shareholders' equity
Common stock	86	86
Additional paid-in capital	35,084	34,639
Retained earnings	34,180	34,732
Unearned employee stock ownership plan (ESOP)	(850)	(1,036)
Treasury shares at cost, 151,549 and 112,563 common shares at June 30, 2017 and 2016	(1,355)	(937)
Accumulated other comprehensive income	1	31
Total shareholders' equity	67,146	67,515	$ 67,313
Total liabilities and shareholders' equity	308,485	291,871
Parent Company [Member]
ASSETS
Other interest-bearing deposits	20	18
Prepaid expenses and other assets	702	564
Total assets	67,186	67,552
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and other liabilities	40	37
Total liabilities	40	37
Shareholders' equity
Common stock	86	86
Additional paid-in capital	35,084	34,639
Retained earnings	34,180	34,732
Unearned employee stock ownership plan (ESOP)	(850)	(1,036)
Treasury shares at cost, 151,549 and 112,563 common shares at June 30, 2017 and 2016	(1,355)	(937)
Accumulated other comprehensive income	1	31
Total shareholders' equity	67,146	67,515
Total liabilities and shareholders' equity	67,186	67,552
Parent Company [Member] | First Federal of Hazard [Member]
ASSETS
Other interest-bearing deposits	692	539
Investment	18,165	18,216
Parent Company [Member] | First Federal of Frankfort [Member]
ASSETS
Investment	46,315	46,824
Parent Company [Member] | First Federal of Kentucky [Member]
ASSETS
Other interest-bearing deposits	$ 1,292	$ 1,391

Condensed Financial Statement71

Condensed Financial Statements of Kentucky First Federal Bancorp (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income
Interest income	$ 10,895	$ 11,254
Total income	11,316	11,634
Non-interest expenses	8,531	8,549
Earnings before income taxes	1,448	2,097
Federal income tax expense (benefit)	513	596
NET INCOME	935	1,501
Parent Company [Member]
Income
Interest income	79	86
Total income	1,282	1,836
Non-interest expenses	414	462
Earnings before income taxes	868	1,374
Federal income tax expense (benefit)	(67)	(127)
NET INCOME	935	1,501
First Federal of Hazard [Member] | Parent Company [Member]
Income
Dividends
Equity in undistributed (excess distributed) earnings	133	186
First Federal of Frankfort [Member] | Parent Company [Member]
Income
Dividends	1,564	2,057
Equity in undistributed (excess distributed) earnings	$ (494)	$ (493)

Condensed Financial Statement72

Condensed Financial Statements of Kentucky First Federal Bancorp (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net earnings for the year	$ 935	$ 1,501
Adjustments to reconcile net earnings to net cash provided by operating activities:
Noncash compensation expense	213	188
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets	356	(313)
Other liabilities	5	(88)
Net cash provided by operating activities	2,112	1,446
Cash flows from financing activities:
Dividends paid on common stock	(1,487)	(1,480)
Net cash used in financing activities	15,467	(5,907)
Net increase in cash and cash equivalents	(304)	(527)
Beginning cash and cash equivalents	13,108	13,635
Ending cash and cash equivalents	12,804	13,108
Parent Company [Member]
Cash flows from operating activities:
Net earnings for the year	935	1,501
Adjustments to reconcile net earnings to net cash provided by operating activities:
Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries	361	307
Noncash compensation expense	382	188
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets	(138)	(4)
Other liabilities	3	(136)
Net cash provided by operating activities	1,543	1,856
Cash flows from financing activities:
Dividends paid on common stock	(1,487)	(1,480)
Net cash used in financing activities	(1,487)	(1,480)
Net increase in cash and cash equivalents	56	376
Beginning cash and cash equivalents	1,948	1,572
Ending cash and cash equivalents	$ 2,004	$ 1,948

Condensed Financial Statement73

Condensed Financial Statements of Kentucky First Federal Bancorp (Details Textual) - shares	Jun. 30, 2017	Jun. 30, 2016
Condensed Financial Statements of Kentucky First Federal Bancorp (Textual)
Treasury Stock, Shares	151,549	112,563
Parent Company [Member]
Condensed Financial Statements of Kentucky First Federal Bancorp (Textual)
Treasury Stock, Shares	151,549	112,563