Kentucky First Federal Bancorp (KFFB) 10-K/A 30 Sep 20 2020 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2020	Sep. 24, 2020	Dec. 31, 2019
Document Information Line Items
Entity Registrant Name	Kentucky First Federal Bancorp
Document Type	10-K/A
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		8,252,215
Entity Public Float			$ 23,700,000
Amendment Flag	true
Amendment Description	We are filing this Amendment No. 1 (the “Amendment”) to amend our annual report on Form 10-K for the year ended June 30, 2020, as filed with the U.S. Securities and Exchange Commission on September 28, 2020 (“Original Filing”). This amendment is being filed for the sole purpose of amending the Report of Independent Registered Public Account Firm in Part II, Item 8 of the Original Filing and the Consent of BKD, LLP in Exhibit 23.1 of the Original Filing. The electronic signature “/s/” was inadvertently omitted from the signature line of BKD, LLP in the Report of Independent Registered Public Accounting Firm. The electronic signature “/s/ BKD, LLP” was inadvertently omitted from the signature line in the Consent of BKD, LLP. This Amendment makes no changes to the financial statements included in the Original Filing, does not reflect any subsequent developments or events, and, except as specifically described in this Explanatory Note, does not modify or update any information in the Original Filing. For convenience and ease of reference, this Amendment includes the Original Filing in its entirety (except for signatures) with such changes.
Entity Central Index Key	0001297341
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	0-51176
Entity Incorporation, State or Country Code	KY
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Statement of Financial Position [Abstract]
Cash and due from financial institutions	$ 1,662	$ 1,870
Interest-bearing demand deposits	12,040	7,991
Cash and cash equivalents	13,702	9,861
Time deposits in other financial institutions	2,229	6,962
Securities available for sale	541	1,045
Securities held-to-maturity, at amortized cost- approximate fair value of $611 and $775 at June 30, 2020 and 2019, respectively	598	775
Loans held for sale	667
Loans, net of allowance of $1,488 and $1,456 at June 30, 2020 and 2019, respectively	285,887	280,969
Other real estate owned, net	640	710
Premises and equipment, net	4,916	5,028
Federal Home Loan Bank stock, at cost	6,498	6,482
Accrued interest receivable	830	758
Bank-owned life insurance	2,594	2,518
Goodwill	947	14,507
Prepaid federal income taxes	135	266
Prepaid expenses and other assets	952	890
Total assets	321,136	330,771
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	212,273	195,836
Federal Home Loan Bank advances	54,715	66,703
Advances by borrowers for taxes and insurance	800	763
Accrued interest payable	27	28
Deferred federal income taxes	837	701
Other liabilities	573	462
Total liabilities	269,225	264,493
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	34,981	35,056
Retained earnings	19,932	33,867
Unearned employee stock ownership plan (ESOP)	(289)	(476)
Treasury shares at cost, 343,849 and 266,549 common shares at June 30, 2020 and 2019, respectively	(2,801)	(2,259)
Accumulated other comprehensive income	2	4
Total shareholders’ equity	51,911	66,278
Total liabilities and shareholders’ equity	$ 321,136	$ 330,771

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Statement of Financial Position [Abstract]
Securities held-to-maturity securities, fair value (in Dollars)	$ 611	$ 775
Loans, net of allowance (in Dollars)	$ 1,488	$ 1,456
Preferred stock par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000,000	500,000,000
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	343,849	266,549

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Interest income
Loans, including fees	$ 12,364	$ 12,021
Mortgage-backed securities	22	31
Other securities	18	13
Interest-bearing deposits and other	419	635
Total interest income	12,823	12,700
Interest expense
Deposits	2,405	1,976
Borrowings	1,094	1,276
Total interest expense	3,499	3,252
Net interest income	9,324	9,448
Provision for loan losses	103	11
Net interest income after provision for loan losses	9,221	9,437
Non-interest income
Earnings on bank-owned life insurance	76	74
Net gains on sales of loans	186	29
Net gain on sales of REO	5	10
Valuation adjustment for REO	(36)	(66)
Net gains on sales of property		9
Other	168	187
Total non-interest income	399	243
Non-interest expense
Employee compensation and benefits	5,536	5,796
Occupancy and equipment	568	671
Voice and data communications	151	249
Advertising	170	226
Outside service fees	176	150
Data processing	541	442
Audit and accounting	165	40
Franchise and other taxes	259	255
Foreclosure and REO expense, net	66	102
Goodwill impairment	13,560
Other	711	796
Total non-interest expense	21,903	8,727
(Loss) income before income taxes	(12,283)	953
Federal income tax expense
Current	128
Deferred	136	141
Total federal income tax expense	264	141
NET (LOSS) INCOME	$ (12,547)	$ 812
(LOSS) EARNINGS PER SHARE Basic and diluted (in Dollars per share)	$ (1.52)	$ 0.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (12,547)	$ 812
Unrealized holding (losses) gains on securities designated as available for sale during the year, net of taxes (benefits) of $(1) and $1 in 2020 and 2019, respectively	(2)	4
Comprehensive (loss) income	$ (12,549)	$ 816

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive (Loss) Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Unrealized holding Gains (losses) on securities designated as available-for-sale	$ (1)	$ 1

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity - USD ($) $ in Thousands	Common stock	Additional paid-in capital	Retained earnings	Unearned employee stock ownership plan (ESOP)	Treasury shares	Accumulated other comprehensive income	Total
Balance at Jun. 30, 2018	$ 86	$ 35,085	$ 34,050	$ (663)	$ (1,355)		$ 67,203
Net income (loss)			812				812
Allocation of ESOP shares		(29)		187			158
Acquisition of shares for treasury					(904)		(904)
Change in accounting method			441				441
Other Comprehensive Income (loss)						4	4
Cash dividends of $0.40 per common share			(1,436)				(1,436)
Balance at Jun. 30, 2019	86	35,056	33,867	(476)	(2,259)	4	66,278
Net income (loss)			(12,547)				(12,547)
Allocation of ESOP shares		(75)		187			112
Acquisition of shares for treasury					(542)		(542)
Other Comprehensive Income (loss)						(2)	(2)
Cash dividends of $0.40 per common share			(1,388)				(1,388)
Balance at Jun. 30, 2020	$ 86	$ 34,981	$ 19,932	$ (289)	$ (2,801)	$ 2	$ 51,911

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders’ Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Stockholders' Equity [Abstract]
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, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net (loss) income	$ (12,547)	$ 812
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Goodwill impairment	13,560
Depreciation	277	282
Accretion of purchased loan discount	(97)	(90)
Amortization of purchased loan premium	10	11
Amortization of discounts and premiums on investment securities, net	8	6
Amortization of deferred loan origination costs (fees)	85	82
Net gain on sale of loans	(186)	(29)
Valuation adjustment of REO	36	66
Net gain on real estate owned	(5)	(10)
ESOP compensation expense	112	158
Net gain on sale of property & equipment		(9)
Earnings on bank-owned life insurance	(76)	(74)
Provision for loan losses	103	11
Origination of loans held for sale	(5,598)	(821)
Proceeds from loans held for sale	5,117	850
Increase (decrease) in cash, due to changes in:
Accrued interest receivable	(72)	(52)
Prepaid expenses and other assets	(62)	25
Accrued interest payable	(1)	6
Accounts payable and other liabilities	111	(239)
Federal income tax (benefit)
Current	131	(124)
Deferred	136	141
Net cash provided by operating activities	1,042	1,002
Cash flows from investing activities:
Purchase of investment securities available for sale		(994)
Purchase of time deposits in other financial institutions	(2,500)	(4,486)
Maturities of time deposits in other financial institutions	7,233	3,216
Investment securities maturities, prepayments and calls:
Held to maturity	169	220
Available for sale	502	4
Purchase of FHLB stock	(16)
Proceeds from sale of property & equipment		338
Loans originated for investment, net of principal collected	(5,228)	(10,806)
Proceeds from sale of real estate owned	292	175
Additions to real estate owned	(44)	(98)
Additions to premises and equipment, net	(165)	(148)
Net cash provided by (used in) investing activities	243	(12,579)
Cash flows from financing activities:
Net change in deposits	16,437	183
Payments by borrowers for taxes and insurance, net	37	1
Proceeds from Federal Home Loan Bank advances	23,500	43,150
Repayments on Federal Home Loan Bank advances	(35,488)	(29,499)
Treasury stock purchases	(542)	(904)
Dividends paid on common stock	(1,388)	(1,436)
Net cash provided by financing activities	2,556	11,495
Net increase (decrease) in cash and cash equivalents	3,841	(82)
Beginning cash and cash equivalents	9,861	9,943
Ending cash and cash equivalents	13,702	9,861
Cash paid during the year for:
Federal income taxes		100
Interest on deposits and borrowings	3,500	3,246
Supplemental disclosure of noncash investing activities:
Transfers from loans to real estate acquired through foreclosure	304	347
Loans disbursed upon sales of real estate acquired through foreclosure	$ 95	$ 214

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2020
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 $20,000 and $13,000 during the years ended June 30, 2020 and 2019, respectively. The carrying value of the Company’s mortgage servicing rights, which approximated fair value, totaled approximately $96,000 and $76,000 at June 30, 2020 and 2019, respectively. The Company was servicing mortgage loans of approximately $12.1 million and $9.4 million that had been sold to the Federal Home Loan Bank at June 30, 2020 and 2019, respectively. 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 $7,000 and $15,000 for the fiscal years ended June 30, 2020 and 2019, 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 interest 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 90 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 until January 1, 2021, according to legislation enacted in the spring of 2019. On March 26, 2019, Kentucky enacted H.B. 354 repealing the bank franchise tax. On April 9, 2019, Kentucky enacted related legislation, H.B. 458, which made technical corrections to H.B. 354. Beginning on or after January 1, 2021, the banks will be subject to the corporation income tax and limited liability entity tax (“LLET”) instead of the savings and loan tax. Because the banks operate on a fiscal year, they must file a short-year corporation income tax and LLET return and pay any tax due for the period beginning January 1, 2021 through the end of the banks’ normal fiscal year. As a result of this legislation, in the fiscal year ended June 30, 2019, the Company recognized an income tax benefit of $63,000 to establish its deferred taxes for Kentucky and to record the net operating losses previously generated by the Company’s mid-tier holding companies, which are expected to be utilized on a combined tax return. With few exceptions, the Company is no longer subject to U.S. federal, state and local tax examinations by tax authorities for years before 2017. 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 $2,000 and $2,000 for the fiscal years ended June 30, 2020 and 2019, respectively, while the liabilities totaled $51,000 and $49,000 at June 30, 2020 and 2019, 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 $528,000 and $765,000 at June 30, 2020 and 2019, respectively. The Company recorded expense for the ESOP of approximately $135,000 and $144,000 for the years ended June 30, 2020 and 2019, respectively. Shares may be surrendered from the plan as employees leave employment. Total shares surrendered from the plan totaled 194,445 and 156,787 at June 30, 2020 and 2019, respectively. The amounts contributed to the ESOP were $280,000 for each of the years 2020 and 2019. For the fiscal year ended June 30, 2020 2019 Allocated shares 104,254 123,241 Shares committed to be released 9,338 9,338 Unearned shares 28,936 47,607 Total ESOP shares 142,528 180,186 Fair value of unearned shares at End of period $ 195,000 $ 374,000 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 For the fiscal year ended June 30, 2020 2019 Net (loss) income allocated to common shareholders, basic and diluted $ (12,547,000 ) $ 812,000 (LOSS) EARNINGS PER SHARE $ (1.52 ) $ 0.10 Weighted average common shares outstanding, basic and diluted 8,251,860 8,335,612 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 years 2020 and 2019. 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, 2020 and 2019. The securities represented are only those classified as available-for sale. Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2020 Agency bonds $ 503 $ -- $ 503 $ -- Agency mortgage-backed: residential $ 38 $ -- $ 38 $ -- 2019 U.S. Treasury notes $ 497 $ -- $ 497 $ -- Agency bonds $ 505 $ -- $ 505 $ -- Agency mortgage-backed: residential $ 43 $ -- $ 43 $ -- There were no transfers between levels 1 and 2. Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheet, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. 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 and totaled $0 and $13,000 for the years ended June 30, 2020 and 2019, respectively. 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 $36,000 and $66,000 for the fiscal years 2020 and 2019, 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, 2020 and 2019. Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2020 Other real estate owned, net One- to four-family $ 465 $ - $ - $ 465 2019 Loans One- to four-family $ 593 $ - $ - $ 593 Other real estate owned, net One- to four-family $ 117 $ - $ - $ 117 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, 2020 and 2019: Range Fair Value Valuation Unobservable (Weighted June 30, 2020 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 465 Sales comparison approach Adjustments for differences between comparable sales -2.7% to 41.2% (20.4%) Range Fair Value Valuation Unobservable (Weighted June 30, 2019 (in thousands) Technique(s) Input(s) Average) Loans: 1-4 family $ 593 Sales comparison approach Adjustments for differences between comparable sales 25.3% to -50.6% (-0.6%) Foreclosed and repossessed assets: 1-4 family $ 117 Sales comparison approach Adjustments for differences between comparable sales 8.6% to 31.0% (29.0%) 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 Company’s financial instruments at June 30, 2020 and 2019 are as follows: Fair Value Measurements at Carrying June 30, 2020 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,702 $ 13,702 $ 13,702 Time deposits in other financial institutions 2,229 2,252 2,252 Available-for-sale securities 541 $ 541 541 Held-to-maturity securities 598 611 611 Loans held for sale 667 685 685 Loans receivable - net 285,887 $ 295,431 295,431 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 830 830 830 Financial liabilities Deposits $ 212,273 $ 78,118 $ 135,000 $ 213,118 Federal Home Loan Bank advances 54,715 55,416 55,416 Advances by borrowers for taxes and insurance 800 800 800 Accrued interest payable 27 27 27 Fair Value Measurements at Carrying June 30, 2019 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 9,861 $ 9,861 $ 9,861 Time deposits in other financial institutions 6,962 6,963 6,963 Available-for-sale securities 1,045 $ 1,045 1,045 Held-to-maturity securities 775 775 775 Loans receivable - net 280,969 $ 285,700 285,700 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 758 758 758 Financial liabilities Deposits $ 195,836 $ 69,944 $ 123,920 $ 193,864 Federal Home Loan Bank advances 66,703 66,719 66,719 Advances by borrowers for taxes and insurance 763 763 763 Accrued interest payable 28 28 28 14. Cash and Cash Equivalents 15. Goodwill Intangibles-Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment, 16. Cash Surrender Value of Life Insurance 17. Treasury Stock 18. Related Party Transactions (in thousands) 2020 2019 Outstanding principal, beginning of year $ 1,246 $ 845 Changes in composition of related parties (129 ) -- Principal disbursed during the year -- 538 Principal repaid and refinanced during the year (70 ) (137 ) Outstanding principal, end of year $ 1,047 $ 1,246 Deposits from related parties held by the Company at June 30, 2020 and 2019 totaled $3.3 million and $2.2 million, respectively. 19. Comprehensive Income and Accumulated Comprehensive Income 20. Revenue Recognition 21. Loss Contingencies 22. Loan Commitments and Related Financial Instruments 23. Dividend Restriction 24. Operating Segments 25. Reclassifications 26. New Accounting Standards: FASB ASC 326 - FASB ASC 842 – Leases (Topic 842). Elements of Financial FASB ASC 350 – Intangibles-Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment. FASB ASC 820 – Fair Value Measurement (Topic 820) Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. FASB ASC 740– Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Securities

Securities	12 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity 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, 2020 and 2019 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: 2020 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated Available-for-sale Securities Agency bonds $ 500 $ 3 $ - $ 503 Agency mortgage-backed:residential 38 - - 38 $ 538 $ 3 $ - $ 541 Held-to-maturity Securities Agency mortgage-backed: residential $ 598 $ 16 $ 3 $ 611 2019 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated fair value Available-for-sale Securities U.S. Treasury securities $ 496 $ 1 $ - $ 497 Agency bonds 501 4 - 505 Agency mortgage-backed: residential 43 - - 43 $ 1,040 $ 5 $ - $ 1,045 Held-to-maturity Securities Agency mortgage-backed: residential $ 775 $ 14 $ 14 $ 775 At June 30, 2020, the Company’s debt securities consisted of a single agency bond and mortgage-backed securities, which do not have a single maturity date. The bond, which had an amortized cost of $500,000 and a fair value of $503,000 at June 30, 2020, matures within one year. Actual maturities may differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities without a single maturity, primarily mortgage-backed, are not shown. There were no sales of securities during the fiscal year ended June 30, 2020 or 2019. At June 30, 2020 the Company had $67,000 in held-to-maturity mortgage-backed securities with gross unrealized losses of $3,000, while at June 30, 2019, the Company had $545,000 in held-to-maturity mortgage-backed securities with gross unrealized losses of $14,000. 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, 2020 and 2019, pledged securities totaled $1.9 million and $2.0 million, respectively. At June 30, 2020 and 2019, the pledged total included time deposits and/or overnight deposits of $1.5 million and $1.5 million, respectively.

Loans

Loans	12 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
LOANS	NOTE C - LOANS The composition of the loan portfolio at June 30 was as follows: (in thousands) 2020 2019 Residential real estate One- to four-family $ 222,489 $ 216,066 Multi-family 12,373 15,928 Construction 4,045 3,757 Land 765 852 Farm 2,354 3,157 Nonresidential real estate 33,503 30,419 Commercial and industrial 2,214 2,075 Consumer and other Loans on deposits 1,245 1,415 Home equity 7,645 8,214 Automobile 67 91 Unsecured 675 451 287,375 282,425 Allowance for loan losses (1,488 ) (1,456 ) $ 285,887 $ 280,969 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, 2020 and 2019. There were $751,000 and $949,000 in loans acquired with deteriorated credit quality at June 30, 2020 and 2019, respectively. June 30, 2020: (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 $ 3,983 $ 751 $ 4,734 $ -- $ -- $ -- Multi-family 671 -- 671 -- -- -- Construction 63 -- 63 -- -- -- Farm 309 -- 309 -- -- -- Nonresidential real estate 660 -- 660 -- -- -- 5,686 751 6,437 -- -- -- Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 217,755 $ 671 $ -- $ 671 Multi-family 11,702 184 -- 184 Construction 3,982 6 -- 6 Land 765 1 -- 1 Farm 2,045 4 -- 4 Nonresidential real estate 32,843 405 -- 405 Commercial and industrial 2,214 3 -- 3 Consumer and other Loans on deposits 1,245 2 -- 2 Home equity 7,645 11 -- 11 Automobile 67 -- -- -- Unsecured 675 1 -- 1 Unallocated -- -- 200 200 280,938 1,288 200 1,488 $ 287,375 $ 1,288 $ 200 $ 1,488 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. June 30, 2019: (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 $ 3,837 $ 949 $ 4,786 $ -- $ -- $ -- Multi-family 685 -- 685 -- -- -- Farm 309 -- 309 -- -- -- Nonresidential real estate 683 -- 683 -- -- -- 5,514 949 6,463 -- -- -- Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 210,595 $ 685 $ -- $ 685 Multi-family 15,928 200 -- 200 Construction 3,757 6 -- 6 Land 852 1 -- 1 Farm 2,848 6 -- 6 Nonresidential real estate 29,736 336 -- 336 Commercial and industrial 2,075 5 -- 5 Consumer and other Loans on deposits 1,415 3 -- 3 Home equity 8,214 14 -- 14 Automobile 91 -- -- -- Unsecured 451 -- -- -- Unallocated -- -- 200 200 275,962 1,256 200 1,456 $ 282,425 $ 1,256 $ 200 $ 1,456 * 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, 2020 and 2019: June 30, 2020: (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 $ 4,734 $ -- $ 4,713 $ 172 $ 172 Multi-family 671 -- 679 32 32 Construction 63 -- 13 -- -- Farm 309 -- 309 11 11 Nonresidential real estate 660 -- 701 47 47 Total $ 6,437 $ -- $ 6,415 $ 262 $ 262 June 30, 2019: (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 $ 4,786 $ -- $ 4,449 $ 226 $ 226 Multi-family 685 -- 343 26 26 Farm 309 -- 310 -- -- Nonresidential real estate 683 -- 403 7 7 Total $ 6,463 $ -- $ 5,505 $ 259 $ 259 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, 2020 and 2019. The tables include loans acquired with deteriorated credit quality. At June 30, 2020, the table below includes approximately $508,000 of loans on nonaccrual and no loans past due over 90 days and still accruing of loans acquired with deteriorated credit quality, while at June 30, 2019, approximately $369,000 of loans on nonaccrual and no loans past due over 90 days and still accruing represent such loans. June 30, 2020 June 30, 2019 (in thousands) Nonaccrual Loans Past Due Over 90 Days Still Accruing Nonaccrual Loans Past Due Over 90 Days Still Accruing Residential real estate: One- to four-family $ 4,458 $ 1,135 $ 4,545 $ 1,747 Multi-family 671 -- 685 -- Construction 63 -- -- -- Farm 309 -- 309 -- Nonresidential real estate 660 -- 683 49 Commercial and industrial 4 -- 1 -- Consumer 95 -- 9 -- $ 6,260 $ 1,135 $ 6,232 $ 1,796 One- to four-family loans in process of foreclosure totaled $694,000 and $1.2 million at June 30, 2020 and 2019, respectively. Troubled Debt Restructurings: A Troubled Debt Restructuring (“TDR”) is the situation where the Bank grants a concession to the borrower that the Banks would not otherwise have considered due to the borrower’s financial difficulties. All TDRs are considered “impaired.” The provisions of the CARES Act included an election to not apply the guidance on accounting for troubled debt restructurings to loan modifications, such as extensions or deferrals, related to COVID-19 made between March 1, 2020 and the earlier of (i) December 31, 2020 or (ii) 60 days after the end of the COVID-19 national emergency. The relief can only be applied to modifications for borrowers that were not more than 30 days past due as of December 31, 2019. The Company elected to adopt these provisions of the CARES Act. In response to the Covid-19 pandemic and the widespread economic downturn that immediately resulted, the Company adopted a loan forbearance plan in which then-current affected borrowers could request deferral of their loan payments for a period of three months. A total of $17.3 million in loans were accepted into the plan through June 30, 2020, of which approximately $14.1 million have reached their three-month deferral date. Of those loans which have reached the end of their deferral period approximately $13.8 million or 97.7% have returned to regular payment status. At June 30, 2020 and 2019, the Company had $1.9 million and $1.6 million of loans classified as TDRs, respectively. Of the TDRs at June 30, 2020, approximately 26.2% were related to the borrower’s completion of Chapter 7 bankruptcy proceedings with no reaffirmation of the debt to the Banks. During the year ended June 30, 2020, the Company had six loans restructured as TDRs. One borrower refinanced a piece of one- to four-family, non-owner occupied, residential property to bring to current amounts owed on other loans with the Bank. Because the borrower’s financial condition had deteriorated, it was unlikely that the borrower could have secured financing elsewhere. The restructured loan is collateralized and cross-collateralized by real estate. Three single family residential borrowers filed for Chapter 7 bankruptcy protection and did not reaffirm the debts personally, although the Company’s collateral position remains intact. Finally, a first and second mortgage on an 8-plex were refinanced into a single loan with a slightly extended maturity term and a lower interest rate, which was consistent with similarly-priced comparable loans at the time of refinance. During the year ended June 30, 2019, the terms of two one- to four family residential real estate loans totaling $323,000 were modified as troubled debt restructurings (“TDRs.”) One loan totaling $248,000 was refinanced with $30,000 cash out because of cost overruns associated with construction of two four-plexes. This loan was part of an overall credit facility maintained for the construction project. The credit facility is secured by the project real estate as well as additional real estate. The loan was classified as a TDR because of payment delays experienced by the borrower. Subsequent to June 30, 2019, an updated appraisal showing adequate loan-to-value in support of the project was obtained. One loan totaling $75,000 was modified with $15,000 cash out and an extension of the loan term to enable the borrower to consolidate debts and establish acceptable debt service obligations after a period of unemployment. Although the interest rate on this loan was the same rate offered to other customers at the time, the credit was determined to be a TDR because the borrower’s credit worthiness had deteriorated. 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. 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 Company had no allocated specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2020 or 2019. At June 30, 2020 and 2019, TDR loans on nonaccrual status totaled $1.8 million and $1.3 million, respectively. The Company had no commitments to lend additional amounts as of June 30, 2020 and 2019, to customers with outstanding loans that are classified as troubled debt restructurings. The Company had no TDR loans which defaulted during fiscal 2020 or during fiscal 2019. The following tables present the aging of the principal balance outstanding in accruing past due loans as of June 30, 2020 and 2019, by class of loans. The tables include loans acquired with deteriorated credit quality. At June 30, 2020, the table below includes $101,000 in loans 30-89 days past due and approximately $28,000 of loans past due over 90 days that were acquired with deteriorated credit quality, while at June 30, 2019, the table below includes no loans 30-89 days past due and approximately $13,000 of loans past due over 90 days of such loans. June 30, 2020: (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 $ 2,546 $ 2,670 $ 5,216 $ 217,273 $ 222,489 Multi-family -- -- -- 12,373 12,373 Construction 192 63 255 3,790 4,045 Land -- -- -- 765 765 Farm 107 309 416 1,938 2,354 Nonresidential real estate 57 253 310 33,193 33,503 Commercial and industrial -- -- -- 2,214 2,214 Consumer and other: Loans on deposits -- -- -- 1,245 1,245 Home equity 255 90 345 7,300 7,645 Automobile -- -- -- 67 67 Unsecured -- -- -- 675 675 Total $ 3,157 $ 3,385 $ 6,542 $ 280,833 $ 287,375 June 30, 2019: (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 $ 4,021 $ 3,479 $ 7,500 $ 208,566 $ 216,066 Multi-family -- 248 248 15,680 15,928 Construction 753 -- 753 3,004 3,757 Land -- -- -- 852 852 Farm 2 -- 2 3,155 3,157 Nonresidential real estate 362 49 411 30,008 30,419 Commercial and industrial -- -- -- 2,075 2,075 Consumer and other: Loans on deposits -- -- -- 1,415 1,415 Home equity 38 -- 38 8,176 8,214 Automobile 8 -- 8 83 91 Unsecured -- -- -- 451 451 Total $ 5,184 $ 3,776 $ 8,960 $ 273,465 $ 282,425 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, 2020, and 2019, and based on the most recent analysis performed, the risk category of loans by class of loans was as follows: June 30, 2020: (in thousands) Pass Special Mention Substandard Doubtful Residential real estate: One- to four-family $ 215,010 $ 742 $ 6,737 $ -- Multi-family 11,702 -- 671 -- Construction 3,982 -- 63 -- Land 765 -- -- -- Farm 2,045 -- 309 -- Nonresidential real estate 31,529 939 1,035 -- Commercial and industrial 2,188 -- 26 -- Consumer and other: Loans on deposits 1,245 -- -- -- Home equity 7,505 39 101 -- Automobile 67 -- -- -- Unsecured 670 -- 5 -- Total $ 276,708 $ 1,720 $ 8,947 $ -- June 30, 2019: (in thousands) Pass Special Mention Substandard Doubtful Residential real estate: One- to four-family $ 206,489 $ 894 $ 8,683 $ -- Multi-family 15,243 -- 685 -- Construction 3,757 -- -- -- Land 852 -- -- -- Farm 2,848 -- 309 -- Nonresidential real estate 28,990 746 683 -- Commercial and industrial 1,584 -- 491 -- Consumer and other: Loans on deposits 1,415 -- -- -- Home equity 8,053 137 24 -- Automobile 91 -- -- -- Unsecured 446 -- 5 -- Total $ 269,768 $ 1,777 $ 10,880 $ -- The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended June 30, 2020 and 2019: June 30, 2020: (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending balance Residential real estate: One- to four-family $ 685 $ 49 $ (65 ) $ 2 $ 671 Multi-family 200 (16 ) -- -- 184 Construction 6 -- -- -- 6 Land 1 -- -- -- 1 Farm 6 (2 ) -- -- 4 Nonresidential real estate 336 69 -- -- 405 Commercial and industrial 5 (2 ) -- -- 3 Consumer and other: Loans on deposits 3 (1 ) -- -- 2 Home equity 14 (3 ) -- -- 11 Auto -- 8 (8 ) Unsecured -- 1 -- -- 1 Unallocated 200 -- -- -- 200 Totals $ 1,456 $ 103 $ (73 ) $ 2 $ 1,488 June 30, 2019: (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending balance Residential real estate: One- to four-family $ 795 $ 41 $ (190 ) $ 39 $ 685 Multi-family 225 (25 ) -- -- 200 Construction 8 (2 ) -- -- 6 Land 1 -- -- -- 1 Farm 6 -- -- -- 6 Nonresidential real estate 321 15 -- -- 336 Commercial and industrial 3 2 -- -- 5 Consumer and other: Loans on deposits 3 -- -- -- 3 Home equity 13 1 -- -- 14 Unsecured 1 (21 ) -- 20 -- Unallocated 200 -- -- -- 200 Totals $ 1,576 $ 11 $ (190 ) $ 59 $ 1,456 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 purchase credit discount of $351,000 and $351,000, at June 30, 2020 and 2019, respectively, was as follows: (in thousands) 2020 2019 Residential real estate: One- to four-family $ 751 $ 949 Accretable yield, or income expected to be collected on loans purchased during fiscal year 2013, for the years ended June 30 was as follows: (in thousands) 2020 2019 Balance at beginning of year $ 544 $ 634 Accretion of income (97 ) (90 ) Balance at end of year $ 447 $ 544 For those purchased loans disclosed above, the Company made no increase in allowance for loan losses for the years ended June 30, 2020 or 2019, nor were any allowance for loan losses reversed during those years. .

Real Estate Owned

Real Estate Owned	12 Months Ended
	Jun. 30, 2020
Debt Disclosure [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) 2020 2019 Balance at beginning of year $ 710 $ 710 Loans transferred to real estate owned 304 347 Capitalized expenditures 44 98 Valuation adjustments (36 ) (66 ) Disposals (382 ) (379 ) Balance at end of year $ 640 $ 710

Premises and Equipment

Premises and Equipment	12 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	NOTE E - PREMISES AND EQUIPMENT Premises and equipment at June 30 are comprised of the following: (in thousands) 2020 2019 Land $ 1,516 $ 1,516 Buildings and improvements 6,493 6,492 Furniture and equipment 2,204 2,134 Automobiles 36 36 10,249 10,178 Less: accumulated depreciation 5,333 5,150 Balance at end of year $ 4,916 $ 5,028

Goodwill

Goodwill	12 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE F - GOODWILL Goodwill of $14.5 million was originally recorded in March 2005 when the Company, as part of its initial public offering, purchased Frankfort First Bancorp, Inc., with a portion of the stock and cash proceeds from the offering. The Company has $14.5 million of goodwill net of impairment losses of $13.6 million and $0 at June 30, 2020 and 2019, respectively. During the fiscal year ended June 30, 2020, a prolonged decline in the stock price of the Company exacerbated by the COVID-19 pandemic and its related economic impact led to management’s performance of a goodwill impairment analysis as of June 30, 2020. Based on the results of this analysis and in conjunction with management’s early adoption of ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

Deposits

Deposits	12 Months Ended
	Jun. 30, 2020
Disclosure Text Block [Abstract]
DEPOSITS	NOTE G - DEPOSITS Deposits consist of the following major classifications at June 30: (in thousands) 2020 2019 Non-interest bearing checking accounts $ 8,258 $ 5,534 Checking accounts 15,133 13,126 Savings accounts 45,571 43,228 Money market demand deposits 9,156 8,056 Total demand, transaction and passbook deposits 78,118 69,944 Certificates of deposit 134,155 125,892 Total deposits $ 212,273 $ 195,836 At June 30, 2020 and 2019, the Banks had certificate of deposit accounts with balances equal to or in excess of $250,000 totaling approximately $13.0 million and $9.8 million, respectively. Maturities of outstanding certificates of deposit at June 30 are summarized as follows: (in thousands) 2020 2021 $ 92,489 2022 30,819 2023 7,795 2024 1,098 2025 and thereafter 1,954 $ 134,155

Advances from the Federal Home

Advances from the Federal Home Loan Bank	12 Months Ended
	Jun. 30, 2020
Federal Home Loan Banks [Abstract]
ADVANCES FROM THE FEDERAL HOME LOAN BANK	NOTE H - ADVANCES FROM THE FEDERAL HOME LOAN BANK Advances from the Federal Home Loan Bank, collateralized at June 30, 2020 and 2019 by pledges of certain qualifying residential mortgage loans totaling $172.0 million and $86.8 million, respectively, and the Banks’ investment in Federal Home Loan Bank stock, are summarized as follows: Maturing year ending June 30 (in thousands) 2021 $ 28,342 2022 6,307 2023 12,679 2024 3,659 2025 3,643 2026 31 2027 22 2028-2032 32 $ 54,715 At June 30, 2020 interest rates for advances were fixed ranging from 0.21% to 2.30%, with a weighted-average interest rate of 0.99%. At June 30, 2019 interest rates for advances were fixed ranging from 2.11% to 2.41%, with a weighted-average interest rate of 2.39%. 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 $74.6 million as of June 30, 2020. In addition, we have the ability to borrow from the Federal Reserve Bank Discount Window. At June 30, 2020, based on home equity loans and share loans we had pledged collateral which would enable us to borrow up to $4.8 million. First Federal Savings Bank of Kentucky at June 30, 2020, had a $5.0 million Fed Funds line of credit with the Bankers’ Bank of Kentucky.

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
FEDERAL INCOME TAXES	NOTE I - FEDERAL INCOME TAXES Federal income taxes on earnings differs from that computed at the statutory corporate tax rate for the years ended June 30, 2020 and 2019, as follows: (in thousands) 2020 2019 Federal income taxes at the statutory rate $ (2,579 ) $ 200 Increase (decrease) resulting primarily from: Cash surrender value of life insurance (16 ) (15 ) Deferred tax liability adjustment, net, resulting from Kentucky tax legislation 14 (63 ) Goodwill impairment 2,848 -- Other (3 ) 19 $ 264 $ 141 The composition of the Company’s net deferred tax liability at June 30 is as follows: (in thousands) 2020 2019 Taxes (payable refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 371 $ 363 Accrued expenses 164 113 Fair value accounting adjustments on acquisition 199 223 Nonaccrued interest on loans 118 102 Other real estate owned adjustments 17 16 Depreciation 37 38 Charitable contributions 12 -- State net operating loss carryforward -- 170 Total deferred tax assets 918 1,025 Deferred tax liabilities: Federal Home Loan Bank stock dividends (981 ) (981 ) Deferred loan origination costs (33 ) (48 ) Loan servicing rights (24 ) (18 ) Accrual to cash adjustment (170 ) (127 ) Fair value accounting adjustments on acquisition (547 ) (552 ) Total deferred tax liabilities (1,755 ) (1,726 ) Net deferred tax liability $ (837 ) $ (701 ) As discussed in Note A, in the fiscal year ended June 30, 2019, the Company recognized a tax benefit of $63,000 as a result of the tax legislation enacted by the Commonwealth of Kentucky in spring 2019. As a result of HB 458 on combined reporting, the Company recorded a deferred tax asset for the state net operating loss carryforward. The losses are expected to be utilized when the Company begins filing a combined Kentucky income tax return with the Banks. The loss carryforward expires beginning 2032. 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, 2020, 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 $1.3 million at June 30, 2020.

Loan Commitments

Loan Commitments	12 Months Ended
	Jun. 30, 2020
Disclosure Text Block Supplement [Abstract]
LOAN COMMITMENTS	NOTE J - 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, 2020 and 2019, the Banks had the following outstanding loan commitments: 2020 2019 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ -- $ 10,354 $ -- $ 9,520 Commitments to fund real estate construction loans 854 8,443 2,715 3,386 Other unused commitment: Commercial and industrial loans 2,541 -- 2,156 -- Other 1,576 2,454 1,145 1,240 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, 2020 totaled $854,000 and had interest rates ranging from 3.25% to 6.00% and maturities ranging from 1 year to 30 years. The fixed rate loan commitments at June 30, 2019 totaled $2.7 million and had interest rates ranging from 3.75% to 7.00% with maturities ranging from 7 years to 20 years.

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Capital	12 Months Ended
	Jun. 30, 2020
Disclosure Text Block [Abstract]
STOCKHOLDERS' EQUITY AND REGULATORY CAPITAL	NOTE K – STOCKHOLDERS’ EQUITY AND REGULATORY CAPITAL Qualified Thrift Lender – 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 – Community Bank Leverage Ratio Certain community banks and holding companies (which include the Company, Frankfort First, First Federal of Kentucky and First Federal of Hazard) that satisfy certain qualifying criteria, including having less than $10 billion in average total consolidated assets and a leverage ratio (referred to as the “community bank leverage ratio”) of greater than 9%, were eligible to opt-in to the CBLR framework. The CBLR ratio is the ratio of a banking organization’s Tier 1 capital to its average total consolidated assets as reported on the banking organization’s applicable regulatory filings. The Banks elected to utilize the CBLR framework effective for the quarter ended March 31, 2020. On April 6, 2020, federal banking regulators issued two interim final rules that make changes to the CBLR ratio framework and implement certain directives of the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The first of the April 2020 interim final rules reduced the minimum ratio from 9% to 8% for those banking organizations otherwise meeting the other existing qualifying criteria) as well as establishing a two-quarter grace period for qualifying community banking organizations whose leverage ratios fall below the 8% CBLR requirement, so long as the banking organization maintains a leverage ratio of 7% or greater. The second interim final rule provides a transition from the temporary 8% CBLR requirement to a 9% requirement. It establishes a minimum CBLR of 8% for the second through fourth quarters of 2020, an 8.5% minimum for 2021 and 9% thereafter, while maintaining a two-quarter grace period for qualifying community banking organizations whose leverage ratios fall no more than 100 basis points below the applicable CBLR requirement. The Company intends to continue with the existing layered ratio structure. Under this framework the Company and the Banks would be considered well-capitalized under the applicable guidelines. The Basel III, which became effective January 1, 2015, established higher minimum risk-based capital ratio requirements, a new common equity Tier 1 risk-based capital ratio and a new capital conservation buffer (“CCB.”) The regulations also included revisions to the definition of capital and changes in the risk-weighting of certain assets, in addition to redefining “well capitalized” as a 6.5% common equity Tier 1 risk-based capital ratio, an 8.0% Tier 1 risk-based capital ratio, a 10.0% total risk-based capital ratio and a 5.0% Tier 1 leverage ratio. The CCB is 2.5% and, if the Company and the Banks were unable to qualify for the CBLR framework, 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. The Company’s regulatory capital as of June 30, 2020, is presented in the following table. Minimum Requirement For Capital Actual Adequacy Purposes Amount Ratio Amount Ratio (Dollars in thousands) Risk-based capital: Common Equity Tier 1 capital ratio $ 50,962 27.6 % $ 8,305 4.5 % Tier 1 (core) capital ratio $ 50,962 27.6 $ 11,073 6.0 Total capital ratio $ 50,962 27.6 $ 14,764 8.0 Leverage capital: Tier 1 leverage capital to average assets $ 50,962 15.4 $ 13,220 4.0 The Banks’ regulatory capital as of June 30, 2020, is presented in the following table. Minimum Requirement For Capital Actual Adequacy Purposes Amount Ratio Amount Ratio (Dollars in thousands) Community Bank Leverage Ratio: First Federal Savings and Loan Association of Hazard $ 18,256 21.9 % $ 3,740 8.0 % First Federal Savings Bank of Kentucky $ 29,898 12.1 $ 15,153 8.0 Minimum As of June 30, 2019 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 $ 51,767 26.8 % $ 8,685 4.5 % N/A N/A First Federal of Hazard 18,275 38.5 2,139 4.5 $ 3,090 6.5 % First Federal of Kentucky 29,659 20.4 6,543 4.5 9,451 6.5 Tier 1 (core) capital ratio Kentucky First Federal 51,767 26.8 11,581 6.0 N/A N/A First Federal of Hazard 18,275 38.5 2,852 6.0 3,803 8.0 First Federal of Kentucky 29,659 20.4 8,724 6.0 11,632 8.0 Total capital ratio Kentucky First Federal 53,223 27.5 15,441 8.0 N/A N/A First Federal of Hazard 18,816 39.6 3,803 8.0 4,753 10.0 First Federal of Kentucky 30,574 21.0 11,632 8.0 14,540 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 51,767 16.7 12,424 4.0 N/A N/A First Federal of Hazard 18,275 22.3 3,285 4.0 4,106 5.0 First Federal of Kentucky 29,659 12.9 9,175 4.0 11,469 5.0 As of June 30, 2020 and 2019, 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, 2020 and 2019, 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, 2020
Condensed Financial Information Disclosure [Abstract]
CONDENSED FINANCIAL STATEMENTS OF KENTUCKY FIRST FEDERAL BANCORP	NOTE L - 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, 2020 and 2019, and the results of its operations and its cash flows for the fiscal years ended June 30, 2020 and 2019. KENTUCKY FIRST FEDERAL BANCORP BALANCE SHEETS June 30, 2020 and 2019 (In thousands) 2020 2019 ASSETS Interest-bearing deposits in First Federal of Hazard $ 1,282 $ 1,168 Interest-bearing deposits in First Federal of Kentucky 167 1,057 Other interest-bearing deposits 34 30 Investment in First Federal of Hazard 18,314 18,366 Investment in Frankfort First 31,257 44,740 Prepaid expenses and other assets 883 939 Total assets $ 51,937 $ 66,300 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 26 $ 22 Total liabilities 26 22 Shareholders’ equity 51,911 66,278 Total liabilities and shareholders’ equity $ 51,937 $ 66,300 KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME Years ended June 30, 2020 and 2019 (Dollar amounts in thousands) 2020 2019 Income Interest income $ 42 $ 54 Dividends from First Federal of Hazard 607 740 Equity in undistributed (excess distributed) earnings of First Federal of Hazard (47 ) (224 ) Dividends from Frankfort First 576 2,499 Equity in undistributed (excess distributed) earnings of Frankfort First (13,459 ) (1,981 ) Total income (12,281 ) 1,815 Non-interest expenses 325 382 (Loss) earnings before income taxes (12,606 ) 941 Federal income tax expense (benefit) (59 ) (106 ) Net (loss) income (12,547 ) 812 Other comprehensive (loss) income, net of tax-related effects: Unrealized holding gains (losses) on securities designated as available for sale during the year, net of taxes (benefits) of $(1) and $1 in 2020 and 2019, respectively (2 ) 4 Comprehensive (loss) income $ (12,549 ) $ 816 KENTUCKY FIRST FEDERAL BANCORP STATEMENTS OF CASH FLOWS For Years ended June 30, 2020 and 2019 (Dollar amounts in thousands) 2020 2019 Cash flows from operating activities: Net (loss) earnings for the year $ (12,547 ) $ 812 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries 13,509 2,205 Noncash compensation expense 112 1,588 Depreciation 12 11 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets 68 (206 ) Other liabilities 4 (10 ) Net cash provided by operating activities 1,158 2,970 Cash flows from investing activities: Additions to premises and equipment, net -- -- Net cash used in investing activities -- -- Cash flows from financing activities: Treasury stock purchases (542 ) (904 ) Dividends paid on common stock (1,388 ) (1,436 ) Net cash used in financing activities (1,930 ) (2,340 ) Net increase (decrease) in cash and cash equivalents (772 ) 630 Cash and cash equivalents at beginning of year 2,255 1,625 Cash and cash equivalents at end of year $ 1,483 $ 2,255

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Jun. 30, 2020
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 $20,000 and $13,000 during the years ended June 30, 2020 and 2019, respectively. The carrying value of the Company’s mortgage servicing rights, which approximated fair value, totaled approximately $96,000 and $76,000 at June 30, 2020 and 2019, respectively. The Company was servicing mortgage loans of approximately $12.1 million and $9.4 million that had been sold to the Federal Home Loan Bank at June 30, 2020 and 2019, respectively. 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 $7,000 and $15,000 for the fiscal years ended June 30, 2020 and 2019, 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 interest 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 90 days delinquent. We obtain updated independent appraisals in these situations or when we suspect that the previous appraisal may no longer be reflective of the property’s current fair value. This process varies from loan to loan, borrower to borrower, and also varies based on the nature of the collateral.
Federal Home Loan Bank Stock Policy Text Block	7. Federal Home Loan Bank Stock
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 until January 1, 2021, according to legislation enacted in the spring of 2019. On March 26, 2019, Kentucky enacted H.B. 354 repealing the bank franchise tax. On April 9, 2019, Kentucky enacted related legislation, H.B. 458, which made technical corrections to H.B. 354. Beginning on or after January 1, 2021, the banks will be subject to the corporation income tax and limited liability entity tax (“LLET”) instead of the savings and loan tax. Because the banks operate on a fiscal year, they must file a short-year corporation income tax and LLET return and pay any tax due for the period beginning January 1, 2021 through the end of the banks’ normal fiscal year. As a result of this legislation, in the fiscal year ended June 30, 2019, the Company recognized an income tax benefit of $63,000 to establish its deferred taxes for Kentucky and to record the net operating losses previously generated by the Company’s mid-tier holding companies, which are expected to be utilized on a combined tax return. With few exceptions, the Company is no longer subject to U.S. federal, state and local tax examinations by tax authorities for years before 2017.
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 $2,000 and $2,000 for the fiscal years ended June 30, 2020 and 2019, respectively, while the liabilities totaled $51,000 and $49,000 at June 30, 2020 and 2019, 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 $528,000 and $765,000 at June 30, 2020 and 2019, respectively. The Company recorded expense for the ESOP of approximately $135,000 and $144,000 for the years ended June 30, 2020 and 2019, respectively. Shares may be surrendered from the plan as employees leave employment. Total shares surrendered from the plan totaled 194,445 and 156,787 at June 30, 2020 and 2019, respectively. The amounts contributed to the ESOP were $280,000 for each of the years 2020 and 2019. For the fiscal year ended June 30, 2020 2019 Allocated shares 104,254 123,241 Shares committed to be released 9,338 9,338 Unearned shares 28,936 47,607 Total ESOP shares 142,528 180,186 Fair value of unearned shares at End of period $ 195,000 $ 374,000 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 For the fiscal year ended June 30, 2020 2019 Net (loss) income allocated to common shareholders, basic and diluted $ (12,547,000 ) $ 812,000 (LOSS) EARNINGS PER SHARE $ (1.52 ) $ 0.10 Weighted average common shares outstanding, basic and diluted 8,251,860 8,335,612 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 years 2020 and 2019.
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, 2020 and 2019. The securities represented are only those classified as available-for sale. Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2020 Agency bonds $ 503 $ -- $ 503 $ -- Agency mortgage-backed: residential $ 38 $ -- $ 38 $ -- 2019 U.S. Treasury notes $ 497 $ -- $ 497 $ -- Agency bonds $ 505 $ -- $ 505 $ -- Agency mortgage-backed: residential $ 43 $ -- $ 43 $ -- There were no transfers between levels 1 and 2. Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheet, as well as the general classification of such assets pursuant to the valuation hierarchy. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. 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 and totaled $0 and $13,000 for the years ended June 30, 2020 and 2019, respectively. 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 $36,000 and $66,000 for the fiscal years 2020 and 2019, 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, 2020 and 2019. Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2020 Other real estate owned, net One- to four-family $ 465 $ - $ - $ 465 2019 Loans One- to four-family $ 593 $ - $ - $ 593 Other real estate owned, net One- to four-family $ 117 $ - $ - $ 117 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, 2020 and 2019: Range Fair Value Valuation Unobservable (Weighted June 30, 2020 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 465 Sales comparison approach Adjustments for differences between comparable sales -2.7% to 41.2% (20.4%) Range Fair Value Valuation Unobservable (Weighted June 30, 2019 (in thousands) Technique(s) Input(s) Average) Loans: 1-4 family $ 593 Sales comparison approach Adjustments for differences between comparable sales 25.3% to -50.6% (-0.6%) Foreclosed and repossessed assets: 1-4 family $ 117 Sales comparison approach Adjustments for differences between comparable sales 8.6% to 31.0% (29.0%) 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 Company’s financial instruments at June 30, 2020 and 2019 are as follows: Fair Value Measurements at Carrying June 30, 2020 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,702 $ 13,702 $ 13,702 Time deposits in other financial institutions 2,229 2,252 2,252 Available-for-sale securities 541 $ 541 541 Held-to-maturity securities 598 611 611 Loans held for sale 667 685 685 Loans receivable - net 285,887 $ 295,431 295,431 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 830 830 830 Financial liabilities Deposits $ 212,273 $ 78,118 $ 135,000 $ 213,118 Federal Home Loan Bank advances 54,715 55,416 55,416 Advances by borrowers for taxes and insurance 800 800 800 Accrued interest payable 27 27 27 Fair Value Measurements at Carrying June 30, 2019 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 9,861 $ 9,861 $ 9,861 Time deposits in other financial institutions 6,962 6,963 6,963 Available-for-sale securities 1,045 $ 1,045 1,045 Held-to-maturity securities 775 775 775 Loans receivable - net 280,969 $ 285,700 285,700 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 758 758 758 Financial liabilities Deposits $ 195,836 $ 69,944 $ 123,920 $ 193,864 Federal Home Loan Bank advances 66,703 66,719 66,719 Advances by borrowers for taxes and insurance 763 763 763 Accrued interest payable 28 28 28
Cash and Cash Equivalents	14. Cash and Cash Equivalents
Goodwill	15. Goodwill Intangibles-Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment,
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) 2020 2019 Outstanding principal, beginning of year $ 1,246 $ 845 Changes in composition of related parties (129 ) -- Principal disbursed during the year -- 538 Principal repaid and refinanced during the year (70 ) (137 ) Outstanding principal, end of year $ 1,047 $ 1,246 Deposits from related parties held by the Company at June 30, 2020 and 2019 totaled $3.3 million and $2.2 million, respectively.
Comprehensive Income and Accumulated Comprehensive Income	19. Comprehensive Income and Accumulated Comprehensive Income
Revenue Recognition	20. Revenue Recognition
Loss Contingencies	21. Loss Contingencies
Loan Commitments and Related Financial Instruments	22. Loan Commitments and Related Financial Instruments
Dividend Restriction	23. Dividend Restriction
Operating Segments	24. Operating Segments
Reclassifications	25. Reclassifications
New Accounting Standards	26. New Accounting Standards: FASB ASC 326 - FASB ASC 842 – Leases (Topic 842). Elements of Financial FASB ASC 350 – Intangibles-Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment. FASB ASC 820 – Fair Value Measurement (Topic 820) Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. FASB ASC 740– Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of retirement and employee benefit plans	For the fiscal year ended June 30, 2020 2019 Allocated shares 104,254 123,241 Shares committed to be released 9,338 9,338 Unearned shares 28,936 47,607 Total ESOP shares 142,528 180,186 Fair value of unearned shares at End of period $ 195,000 $ 374,000
Schedule of earnings per share	For the fiscal year ended June 30, 2020 2019 Net (loss) income allocated to common shareholders, basic and diluted $ (12,547,000 ) $ 812,000 (LOSS) EARNINGS PER SHARE $ (1.52 ) $ 0.10 Weighted average common shares outstanding, basic and diluted 8,251,860 8,335,612
Schedule of assets measured at fair value on a non-recurring basis	Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2020 Agency bonds $ 503 $ -- $ 503 $ -- Agency mortgage-backed: residential $ 38 $ -- $ 38 $ -- 2019 U.S. Treasury notes $ 497 $ -- $ 497 $ -- Agency bonds $ 505 $ -- $ 505 $ -- Agency mortgage-backed: residential $ 43 $ -- $ 43 $ --
Schedule of assets measured at fair value on a non-recurring basis	Fair Value Measurements Using Quotes Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2020 Other real estate owned, net One- to four-family $ 465 $ - $ - $ 465 2019 Loans One- to four-family $ 593 $ - $ - $ 593 Other real estate owned, net One- to four-family $ 117 $ - $ - $ 117
Schedule of assets measured at fair value on a non-recurring basis	Range Fair Value Valuation Unobservable (Weighted June 30, 2020 (in thousands) Technique(s) Input(s) Average) Foreclosed and repossessed assets: 1-4 family $ 465 Sales comparison approach Adjustments for differences between comparable sales -2.7% to 41.2% (20.4%) Range Fair Value Valuation Unobservable (Weighted June 30, 2019 (in thousands) Technique(s) Input(s) Average) Loans: 1-4 family $ 593 Sales comparison approach Adjustments for differences between comparable sales 25.3% to -50.6% (-0.6%) Foreclosed and repossessed assets: 1-4 family $ 117 Sales comparison approach Adjustments for differences between comparable sales 8.6% to 31.0% (29.0%)
Schedule of foregoing methods and assumptions, the carrying value and fair value	Fair Value Measurements at Carrying June 30, 2020 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 13,702 $ 13,702 $ 13,702 Time deposits in other financial institutions 2,229 2,252 2,252 Available-for-sale securities 541 $ 541 541 Held-to-maturity securities 598 611 611 Loans held for sale 667 685 685 Loans receivable - net 285,887 $ 295,431 295,431 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 830 830 830 Financial liabilities Deposits $ 212,273 $ 78,118 $ 135,000 $ 213,118 Federal Home Loan Bank advances 54,715 55,416 55,416 Advances by borrowers for taxes and insurance 800 800 800 Accrued interest payable 27 27 27 Fair Value Measurements at Carrying June 30, 2019 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 9,861 $ 9,861 $ 9,861 Time deposits in other financial institutions 6,962 6,963 6,963 Available-for-sale securities 1,045 $ 1,045 1,045 Held-to-maturity securities 775 775 775 Loans receivable - net 280,969 $ 285,700 285,700 Federal Home Loan Bank stock 6,482 n/a Accrued interest receivable 758 758 758 Financial liabilities Deposits $ 195,836 $ 69,944 $ 123,920 $ 193,864 Federal Home Loan Bank advances 66,703 66,719 66,719 Advances by borrowers for taxes and insurance 763 763 763 Accrued interest payable 28 28 28
Schedule of loans outstanding	(in thousands) 2020 2019 Outstanding principal, beginning of year $ 1,246 $ 845 Changes in composition of related parties (129 ) -- Principal disbursed during the year -- 538 Principal repaid and refinanced during the year (70 ) (137 ) Outstanding principal, end of year $ 1,047 $ 1,246

Securities (Tables)

Securities (Tables)	12 Months Ended
	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of gross unrealized or unrecognized gains and losses	2020 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated Available-for-sale Securities Agency bonds $ 500 $ 3 $ - $ 503 Agency mortgage-backed:residential 38 - - 38 $ 538 $ 3 $ - $ 541 Held-to-maturity Securities Agency mortgage-backed: residential $ 598 $ 16 $ 3 $ 611 2019 (in thousands) Amortized cost Gross unrealized/ unrecognized gains Gross unrealized/ unrecognized losses Estimated fair value Available-for-sale Securities U.S. Treasury securities $ 496 $ 1 $ - $ 497 Agency bonds 501 4 - 505 Agency mortgage-backed: residential 43 - - 43 $ 1,040 $ 5 $ - $ 1,045 Held-to-maturity Securities Agency mortgage-backed: residential $ 775 $ 14 $ 14 $ 775

Loans (Tables)

Loans (Tables)	12 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of loan portfolio	(in thousands) 2020 2019 Residential real estate One- to four-family $ 222,489 $ 216,066 Multi-family 12,373 15,928 Construction 4,045 3,757 Land 765 852 Farm 2,354 3,157 Nonresidential real estate 33,503 30,419 Commercial and industrial 2,214 2,075 Consumer and other Loans on deposits 1,245 1,415 Home equity 7,645 8,214 Automobile 67 91 Unsecured 675 451 287,375 282,425 Allowance for loan losses (1,488 ) (1,456 ) $ 285,887 $ 280,969
Schedule of allowance for loan losses and the recorded investment in loans by portfolio	June 30, 2020: (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 $ 3,983 $ 751 $ 4,734 $ -- $ -- $ -- Multi-family 671 -- 671 -- -- -- Construction 63 -- 63 -- -- -- Farm 309 -- 309 -- -- -- Nonresidential real estate 660 -- 660 -- -- -- 5,686 751 6,437 -- -- -- Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 217,755 $ 671 $ -- $ 671 Multi-family 11,702 184 -- 184 Construction 3,982 6 -- 6 Land 765 1 -- 1 Farm 2,045 4 -- 4 Nonresidential real estate 32,843 405 -- 405 Commercial and industrial 2,214 3 -- 3 Consumer and other Loans on deposits 1,245 2 -- 2 Home equity 7,645 11 -- 11 Automobile 67 -- -- -- Unsecured 675 1 -- 1 Unallocated -- -- 200 200 280,938 1,288 200 1,488 $ 287,375 $ 1,288 $ 200 $ 1,488 June 30, 2019: (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 $ 3,837 $ 949 $ 4,786 $ -- $ -- $ -- Multi-family 685 -- 685 -- -- -- Farm 309 -- 309 -- -- -- Nonresidential real estate 683 -- 683 -- -- -- 5,514 949 6,463 -- -- -- Loans collectively evaluated for impairment: Residential real estate: One- to four-family $ 210,595 $ 685 $ -- $ 685 Multi-family 15,928 200 -- 200 Construction 3,757 6 -- 6 Land 852 1 -- 1 Farm 2,848 6 -- 6 Nonresidential real estate 29,736 336 -- 336 Commercial and industrial 2,075 5 -- 5 Consumer and other Loans on deposits 1,415 3 -- 3 Home equity 8,214 14 -- 14 Automobile 91 -- -- -- Unsecured 451 -- -- -- Unallocated -- -- 200 200 275,962 1,256 200 1,456 $ 282,425 $ 1,256 $ 200 $ 1,456 * 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	(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 $ 4,734 $ -- $ 4,713 $ 172 $ 172 Multi-family 671 -- 679 32 32 Construction 63 -- 13 -- -- Farm 309 -- 309 11 11 Nonresidential real estate 660 -- 701 47 47 Total $ 6,437 $ -- $ 6,415 $ 262 $ 262 (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 $ 4,786 $ -- $ 4,449 $ 226 $ 226 Multi-family 685 -- 343 26 26 Farm 309 -- 310 -- -- Nonresidential real estate 683 -- 403 7 7 Total $ 6,463 $ -- $ 5,505 $ 259 $ 259
Schedule of principal balance outstanding in past due loans	June 30, 2020 June 30, 2019 (in thousands) Nonaccrual Loans Past Due Over 90 Days Still Accruing Nonaccrual Loans Past Due Over 90 Days Still Accruing Residential real estate: One- to four-family $ 4,458 $ 1,135 $ 4,545 $ 1,747 Multi-family 671 -- 685 -- Construction 63 -- -- -- Farm 309 -- 309 -- Nonresidential real estate 660 -- 683 49 Commercial and industrial 4 -- 1 -- Consumer 95 -- 9 -- $ 6,260 $ 1,135 $ 6,232 $ 1,796
Schedule of principal balance outstanding in past due loans	(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 $ 2,546 $ 2,670 $ 5,216 $ 217,273 $ 222,489 Multi-family -- -- -- 12,373 12,373 Construction 192 63 255 3,790 4,045 Land -- -- -- 765 765 Farm 107 309 416 1,938 2,354 Nonresidential real estate 57 253 310 33,193 33,503 Commercial and industrial -- -- -- 2,214 2,214 Consumer and other: Loans on deposits -- -- -- 1,245 1,245 Home equity 255 90 345 7,300 7,645 Automobile -- -- -- 67 67 Unsecured -- -- -- 675 675 Total $ 3,157 $ 3,385 $ 6,542 $ 280,833 $ 287,375 (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 $ 4,021 $ 3,479 $ 7,500 $ 208,566 $ 216,066 Multi-family -- 248 248 15,680 15,928 Construction 753 -- 753 3,004 3,757 Land -- -- -- 852 852 Farm 2 -- 2 3,155 3,157 Nonresidential real estate 362 49 411 30,008 30,419 Commercial and industrial -- -- -- 2,075 2,075 Consumer and other: Loans on deposits -- -- -- 1,415 1,415 Home equity 38 -- 38 8,176 8,214 Automobile 8 -- 8 83 91 Unsecured -- -- -- 451 451 Total $ 5,184 $ 3,776 $ 8,960 $ 273,465 $ 282,425
Schedule of analysis performed, the risk category of loans by class of loansass of loans	June 30, 2020: (in thousands) Pass Special Mention Substandard Doubtful Residential real estate: One- to four-family $ 215,010 $ 742 $ 6,737 $ -- Multi-family 11,702 -- 671 -- Construction 3,982 -- 63 -- Land 765 -- -- -- Farm 2,045 -- 309 -- Nonresidential real estate 31,529 939 1,035 -- Commercial and industrial 2,188 -- 26 -- Consumer and other: Loans on deposits 1,245 -- -- -- Home equity 7,505 39 101 -- Automobile 67 -- -- -- Unsecured 670 -- 5 -- Total $ 276,708 $ 1,720 $ 8,947 $ -- June 30, 2019: (in thousands) Pass Special Mention Substandard Doubtful Residential real estate: One- to four-family $ 206,489 $ 894 $ 8,683 $ -- Multi-family 15,243 -- 685 -- Construction 3,757 -- -- -- Land 852 -- -- -- Farm 2,848 -- 309 -- Nonresidential real estate 28,990 746 683 -- Commercial and industrial 1,584 -- 491 -- Consumer and other: Loans on deposits 1,415 -- -- -- Home equity 8,053 137 24 -- Automobile 91 -- -- -- Unsecured 446 -- 5 -- Total $ 269,768 $ 1,777 $ 10,880 $ --
Schedule of allowance for loan losses by portfolio segment	(in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending balance Residential real estate: One- to four-family $ 685 $ 49 $ (65 ) $ 2 $ 671 Multi-family 200 (16 ) -- -- 184 Construction 6 -- -- -- 6 Land 1 -- -- -- 1 Farm 6 (2 ) -- -- 4 Nonresidential real estate 336 69 -- -- 405 Commercial and industrial 5 (2 ) -- -- 3 Consumer and other: Loans on deposits 3 (1 ) -- -- 2 Home equity 14 (3 ) -- -- 11 Auto -- 8 (8 ) Unsecured -- 1 -- -- 1 Unallocated 200 -- -- -- 200 Totals $ 1,456 $ 103 $ (73 ) $ 2 $ 1,488 (in thousands) Beginning balance Provision for loan losses Loans charged off Recoveries Ending balance Residential real estate: One- to four-family $ 795 $ 41 $ (190 ) $ 39 $ 685 Multi-family 225 (25 ) -- -- 200 Construction 8 (2 ) -- -- 6 Land 1 -- -- -- 1 Farm 6 -- -- -- 6 Nonresidential real estate 321 15 -- -- 336 Commercial and industrial 3 2 -- -- 5 Consumer and other: Loans on deposits 3 -- -- -- 3 Home equity 13 1 -- -- 14 Unsecured 1 (21 ) -- 20 -- Unallocated 200 -- -- -- 200 Totals $ 1,576 $ 11 $ (190 ) $ 59 $ 1,456
Schedule of purchased credit impaired loans	(in thousands) 2020 2019 Residential real estate: One- to four-family $ 751 $ 949
Schedule of accretable yield, or income expected to be collected	(in thousands) 2020 2019 Balance at beginning of year $ 544 $ 634 Accretion of income (97 ) (90 ) Balance at end of year $ 447 $ 544

Real Estate Owned (Tables)

Real Estate Owned (Tables)	12 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of activity in real estate owned	(in thousands) 2020 2019 Balance at beginning of year $ 710 $ 710 Loans transferred to real estate owned 304 347 Capitalized expenditures 44 98 Valuation adjustments (36 ) (66 ) Disposals (382 ) (379 ) Balance at end of year $ 640 $ 710

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	(in thousands) 2020 2019 Land $ 1,516 $ 1,516 Buildings and improvements 6,493 6,492 Furniture and equipment 2,204 2,134 Automobiles 36 36 10,249 10,178 Less: accumulated depreciation 5,333 5,150 Balance at end of year $ 4,916 $ 5,028

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Jun. 30, 2020
Disclosure Text Block [Abstract]
Schedule of deposits	(in thousands) 2020 2019 Non-interest bearing checking accounts $ 8,258 $ 5,534 Checking accounts 15,133 13,126 Savings accounts 45,571 43,228 Money market demand deposits 9,156 8,056 Total demand, transaction and passbook deposits 78,118 69,944 Certificates of deposit 134,155 125,892 Total deposits $ 212,273 $ 195,836
Schedule of maturities of outstanding certificates of deposit	(in thousands) 2020 2021 $ 92,489 2022 30,819 2023 7,795 2024 1,098 2025 and thereafter 1,954 $ 134,155

Advances from the Federal Hom_2

Advances from the Federal Home Loan Bank (Tables)	12 Months Ended
	Jun. 30, 2020
Federal Home Loan Banks [Abstract]
Schedule of advances from the federal home loan bank	Maturing year ending June 30 (in thousands) 2021 $ 28,342 2022 6,307 2023 12,679 2024 3,659 2025 3,643 2026 31 2027 22 2028-2032 32 $ 54,715

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate	(in thousands) 2020 2019 Federal income taxes at the statutory rate $ (2,579 ) $ 200 Increase (decrease) resulting primarily from: Cash surrender value of life insurance (16 ) (15 ) Deferred tax liability adjustment, net, resulting from Kentucky tax legislation 14 (63 ) Goodwill impairment 2,848 -- Other (3 ) 19 $ 264 $ 141
Schedule of composition of the company's net deferred tax liability	(in thousands) 2020 2019 Taxes (payable refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 371 $ 363 Accrued expenses 164 113 Fair value accounting adjustments on acquisition 199 223 Nonaccrued interest on loans 118 102 Other real estate owned adjustments 17 16 Depreciation 37 38 Charitable contributions 12 -- State net operating loss carryforward -- 170 Total deferred tax assets 918 1,025 Deferred tax liabilities: Federal Home Loan Bank stock dividends (981 ) (981 ) Deferred loan origination costs (33 ) (48 ) Loan servicing rights (24 ) (18 ) Accrual to cash adjustment (170 ) (127 ) Fair value accounting adjustments on acquisition (547 ) (552 ) Total deferred tax liabilities (1,755 ) (1,726 ) Net deferred tax liability $ (837 ) $ (701 )

Loan Commitments (Tables)

Loan Commitments (Tables)	12 Months Ended
	Jun. 30, 2020
Disclosure Text Block Supplement [Abstract]
Schedule of outstanding loan commitments	2020 2019 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ -- $ 10,354 $ -- $ 9,520 Commitments to fund real estate construction loans 854 8,443 2,715 3,386 Other unused commitment: Commercial and industrial loans 2,541 -- 2,156 -- Other 1,576 2,454 1,145 1,240 Letters of credit -- -- -- --

Stockholders' Equity and Regu_2

Stockholders' Equity and Regulatory Capital (Tables)	12 Months Ended
	Jun. 30, 2020
Disclosure Text Block [Abstract]
Schedule of regulatory capitals	Minimum Requirement For Capital Actual Adequacy Purposes Amount Ratio Amount Ratio (Dollars in thousands) Risk-based capital: Common Equity Tier 1 capital ratio $ 50,962 27.6 % $ 8,305 4.5 % Tier 1 (core) capital ratio $ 50,962 27.6 $ 11,073 6.0 Total capital ratio $ 50,962 27.6 $ 14,764 8.0 Leverage capital: Tier 1 leverage capital to average assets $ 50,962 15.4 $ 13,220 4.0 Minimum Requirement For Capital Actual Adequacy Purposes Amount Ratio Amount Ratio (Dollars in thousands) Community Bank Leverage Ratio: First Federal Savings and Loan Association of Hazard $ 18,256 21.9 % $ 3,740 8.0 % First Federal Savings Bank of Kentucky $ 29,898 12.1 $ 15,153 8.0
Schedule of minimum capital ratios	Minimum As of June 30, 2019 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 $ 51,767 26.8 % $ 8,685 4.5 % N/A N/A First Federal of Hazard 18,275 38.5 2,139 4.5 $ 3,090 6.5 % First Federal of Kentucky 29,659 20.4 6,543 4.5 9,451 6.5 Tier 1 (core) capital ratio Kentucky First Federal 51,767 26.8 11,581 6.0 N/A N/A First Federal of Hazard 18,275 38.5 2,852 6.0 3,803 8.0 First Federal of Kentucky 29,659 20.4 8,724 6.0 11,632 8.0 Total capital ratio Kentucky First Federal 53,223 27.5 15,441 8.0 N/A N/A First Federal of Hazard 18,816 39.6 3,803 8.0 4,753 10.0 First Federal of Kentucky 30,574 21.0 11,632 8.0 14,540 10.0 Leverage capital: Tier 1 leverage capital to average assets Kentucky First Federal 51,767 16.7 12,424 4.0 N/A N/A First Federal of Hazard 18,275 22.3 3,285 4.0 4,106 5.0 First Federal of Kentucky 29,659 12.9 9,175 4.0 11,469 5.0

Condensed Financial Statement_2

Condensed Financial Statements of Kentucky First Federal Bancorp (Tables)	12 Months Ended
	Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract]
Schedule of Balance Sheets	2020 2019 ASSETS Interest-bearing deposits in First Federal of Hazard $ 1,282 $ 1,168 Interest-bearing deposits in First Federal of Kentucky 167 1,057 Other interest-bearing deposits 34 30 Investment in First Federal of Hazard 18,314 18,366 Investment in Frankfort First 31,257 44,740 Prepaid expenses and other assets 883 939 Total assets $ 51,937 $ 66,300 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 26 $ 22 Total liabilities 26 22 Shareholders’ equity 51,911 66,278 Total liabilities and shareholders’ equity $ 51,937 $ 66,300
Schedule of Statements of Income	2020 2019 Income Interest income $ 42 $ 54 Dividends from First Federal of Hazard 607 740 Equity in undistributed (excess distributed) earnings of First Federal of Hazard (47 ) (224 ) Dividends from Frankfort First 576 2,499 Equity in undistributed (excess distributed) earnings of Frankfort First (13,459 ) (1,981 ) Total income (12,281 ) 1,815 Non-interest expenses 325 382 (Loss) earnings before income taxes (12,606 ) 941 Federal income tax expense (benefit) (59 ) (106 ) Net (loss) income (12,547 ) 812 Other comprehensive (loss) income, net of tax-related effects: Unrealized holding gains (losses) on securities designated as available for sale during the year, net of taxes (benefits) of $(1) and $1 in 2020 and 2019, respectively (2 ) 4 Comprehensive (loss) income $ (12,549 ) $ 816
Schedule of Statements of Cash Flows	2020 2019 Cash flows from operating activities: Net (loss) earnings for the year $ (12,547 ) $ 812 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries 13,509 2,205 Noncash compensation expense 112 1,588 Depreciation 12 11 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets 68 (206 ) Other liabilities 4 (10 ) Net cash provided by operating activities 1,158 2,970 Cash flows from investing activities: Additions to premises and equipment, net -- -- Net cash used in investing activities -- -- Cash flows from financing activities: Treasury stock purchases (542 ) (904 ) Dividends paid on common stock (1,388 ) (1,436 ) Net cash used in financing activities (1,930 ) (2,340 ) Net increase (decrease) in cash and cash equivalents (772 ) 630 Cash and cash equivalents at beginning of year 2,255 1,625 Cash and cash equivalents at end of year $ 1,483 $ 2,255

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2005
Summary of Significant Accounting Policies (Details) [Line Items]
Loan held for sale	$ 667,000
Amortization of mortgage servicing rights	20,000	$ 13,000
Servicing mortgage loans	12,100,000	9,400,000
Servicing fees	$ 7,000	15,000
Description of mortage loans	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.
Interest rate, percentage	80.00%
Nonresidential loan, percentage	80.00%
Consumer leading, description	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 interest 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.
Fixed assets held for sale	$ 161,000	161,000
Income tax benefit, percentage	50.00%
Income tax benefit		63,000
Retirement and employee benefit plans, description	The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413(c) and, as a result, all of the assets stand behind all of the liabilities. Accordingly, under the Pentegra DB Plan contributions made by a participating employer may be used to provide benefits to participants of other participating employers. Total contributions made to the Pentegra DB Plan, as reported on Form 5500, equal $138.3 million and $164.6 million for the plan years ended June 30, 2019 and 2018, respectively. Our contributions for fiscal 2020 and 2019 were not more than 5% of the total contributions made to the Pentegra DB Plan. Pension expense is the net contributions, which are based upon covered employees’ ages and salaries and are dependent upon the ultimate prescribed benefits of the participants and the funded status of the plan. The Company recognized expense related to the plans totaling approximately $935,000 and $1.2 million for the fiscal years ended June 30, 2020 and 2019, respectively. There are no collective bargaining agreements in place that require contributions to the Pentegra DB Plan. As of July 1, 2019, the most recent period for which information is available, the Banks had an adjusted funding target attainment percentage (“AFTAP”) of 86.98%. There are no funding improvement plans or surcharges to participants. Effective July 1, 2016, sponsorship of the plan was transferred to the Company, benefits ratios were standardized and prospectively each bank will contribute to the plan based generally on its pro rata share of future benefits. Effective April 1, 2019, the Company elected to freeze benefits to its employee participants.
Deferred compensation	$ 2,000	2,000
Deferred compensation liabilities	51,000	49,000
Loan repayment	528,000	765,000
Employee stock ownership plan expense	$ 135,000	$ 144,000
Employee stock ownership plan, shares (in Shares)	194,445	156,787
Employee stock ownership plan contribution	$ 280,000	$ 280,000
Fair value amount	0	13,000
Real estate ownership amount	$ 36,000	66,000
Maturity term description	For purposes of reporting cash flows, cash and cash equivalents include cash and due from banks and interest-bearing deposits in other financial institutions with original maturities of less than ninety days.
Goodwill amount			$ 14,500,000
Deposits from related parties	$ 3,300,000	$ 2,200,000
Operating segment	1
Goodwill impairment charge	$ 13,600,000
Common stock per share price (in Dollars per share)		$ 1.64
Goodwill, percentage	93.50%
Mortgage Servicing Rights [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Amortization of mortgage servicing rights	$ 96,000	$ 76,000
Loans One To Four Family [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Interest rate, percentage	80.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of retirement and employee benefit plans - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of retirement and employee benefit plans [Abstract]
Allocated shares	$ 104,254	$ 123,241
Shares committed to be released (in Shares)	9,338	9,338
Unearned shares	$ 28,936	$ 47,607
Total ESOP shares (in Shares)	142,528	180,186
Fair value of unearned shares at End of period	$ 195,000	$ 374,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of earnings per share - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of earnings per share [Abstract]
Net (loss) income allocated to common shareholders, basic and diluted	$ (12,547)	$ 812
(LOSS) EARNINGS PER SHARE	$ (1.52)	$ 0.10
Weighted average common shares outstanding, basic and diluted	8,251,860	8,335,612

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of fair value measurements of assets and liabilities measured at fair value on a recurring basis - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Agency Bonds [Member]
Fair Value	$ 503	$ 505
Agency mortgage-backed: residential [Member]
Fair Value	38	43
U.S. Treasury notes [Member]
Fair Value		497
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Agency Bonds [Member]
Fair Value
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Agency mortgage-backed: residential [Member]
Fair Value
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury notes [Member]
Fair Value
Significant Other Observable Inputs (Level 2) [Member] | Agency Bonds [Member]
Fair Value	503	505
Significant Other Observable Inputs (Level 2) [Member] | Agency mortgage-backed: residential [Member]
Fair Value	38	43
Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury notes [Member]
Fair Value		497
Significant Unobservable Inputs (Level 3) [Member] | Agency Bonds [Member]
Fair Value
Significant Unobservable Inputs (Level 3) [Member] | Agency mortgage-backed: residential [Member]
Fair Value
Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasury notes [Member]
Fair Value

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of assets measured at fair value on a non-recurring basis - Loans One To Four Family [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Other real estate owned net one- to four-family [Member]
Fair Value	$ 465	$ 117
Other real estate owned net one- to four-family [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value
Other real estate owned net one- to four-family [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value
Other real estate owned net one- to four-family [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value	$ 465	117
Loans [Member]
Fair Value		593
Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value
Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value
Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value		$ 593

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of fair value measurements for financial instruments - Loans One To Four Family [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value		$ 593
Valuation Technique(s)		Sales comparison approach
Unobservable Input(s)		Adjustments for differences between comparable sales
Range (Weighted Average)		25.3% to -50.6% (-0.6%)
Foreclosed and repossessed assets: [Member]
Fair Value	$ 465	$ 117
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)	-2.7% to 41.2% (20.4%)	8.6% to 31.0% (29.0%)

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details) - Schedule of financial instruments - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Financial assets
Cash and cash equivalents	$ 13,702	$ 9,861	$ 9,943
Time deposits in other financial institutions	2,252	6,963
Available-for-sale securities	541	1,045
Held-to-maturity securities	611	775
Loans held for sale	685
Loans receivable - net	295,431	285,700
Federal Home Loan Bank stock
Accrued interest receivable	830	758
Financial liabilities
Deposits	213,118	193,864
Federal Home Loan Bank advances	55,416	66,719
Advances by borrowers for taxes and insurance	800	763
Accrued interest payable	27	28
Carrying Value [Member]
Financial assets
Cash and cash equivalents	13,702	9,861
Time deposits in other financial institutions	2,229	6,962
Available-for-sale securities	541	1,045
Held-to-maturity securities	598	775
Loans held for sale	667
Loans receivable - net	285,887	280,969
Federal Home Loan Bank stock	6,498	6,482
Accrued interest receivable	830	758
Financial liabilities
Deposits	212,273	195,836
Federal Home Loan Bank advances	54,715	66,703
Advances by borrowers for taxes and insurance	800	763
Accrued interest payable	27	28
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and cash equivalents	13,702	9,861
Time deposits in other financial institutions	2,252	6,963
Available-for-sale securities
Held-to-maturity securities
Loans held for sale
Loans receivable - net
Federal Home Loan Bank stock
Accrued interest receivable
Financial liabilities
Deposits	78,118	69,944
Federal Home Loan Bank advances
Advances by borrowers for taxes and insurance
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and cash equivalents
Time deposits in other financial institutions
Available-for-sale securities	541	1,045
Held-to-maturity securities	611	775
Loans held for sale	685
Loans receivable - net
Federal Home Loan Bank stock
Accrued interest receivable	830	758
Financial liabilities
Deposits	135,000	123,920
Federal Home Loan Bank advances	55,416	66,719
Advances by borrowers for taxes and insurance	800	763
Accrued interest payable	27	28
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and cash equivalents
Time deposits in other financial institutions
Available-for-sale securities
Held-to-maturity securities
Loans held for sale
Loans receivable - net	295,431	285,700
Federal Home Loan Bank stock
Accrued interest receivable
Financial liabilities
Federal Home Loan Bank advances
Advances by borrowers for taxes and insurance
Accrued interest payable

Summary of Significant Accou_10

Summary of Significant Accounting Policies (Details) - Schedule of loans outstanding - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of loans outstanding [Abstract]
Outstanding principal, beginning of year	$ 1,246	$ 845
Changes in composition of related parties	(129)
Principal disbursed during the year		538
Principal repaid and refinanced during the year	(70)	(137)
Outstanding principal, end of year	$ 1,047	$ 1,246

Securities (Details)

Securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Amortized cost	$ 500,000
Fair value	$ 503,000
Fair value maturity	1 year
Held-to-maturity mortgage-backed securities	$ 67,000	$ 545,000
Unrealized gain (loss) on securities	3,000	14,000
Pledged securities	1,900,000	2,000,000
Securities Held as Collateral, at Fair Value	$ 1,500,000	$ 1,500,000

Securities (Details) - Schedule

Securities (Details) - Schedule of gross unrealized or unrecognized gains and losses - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	$ 538	$ 1,040
Available-for-sale Securities, Gross unrealized/ unrecognized gains	3	5
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value	541	1,045
Agency bonds [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	500	501
Available-for-sale Securities, Gross unrealized/ unrecognized gains	3	4
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value	503	505
Agency mortgage-backed: residential [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	38	43
Available-for-sale Securities, Gross unrealized/ unrecognized gains
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value	38	43
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost	598	775
Held-to-maturity Securities, Gross unrealized/ unrecognized gains	16	14
Held-to-maturity Securities, Gross unrealized/ unrecognized losses	3	14
Held-to-maturity Securities, Estimated fair value	$ 611	775
U.S. Treasury securities [Member]
Available-for-sale Securities
Available-for-sale Securities, Amortized cost		496
Available-for-sale Securities, Gross unrealized/ unrecognized gains		1
Available-for-sale Securities, Gross unrealized/ unrecognized losses
Available-for-sale Securities, Estimated fair value		$ 497

Loans (Details)

Loans (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Loans (Details) [Line Items]
Loans acquired credit quality	$ 751,000	$ 949,000
Nonaccrual loan	$ 6,260,000	6,232,000
Loans receivable, description	One- to four-family loans in process of foreclosure totaled $694,000 and $1.2 million at June 30, 2020 and 2019, respectively.
Troubled debt, description	A total of $17.3 million in loans were accepted into the plan through June 30, 2020, of which approximately $14.1 million have reached their three-month deferral date. Of those loans which have reached the end of their deferral period approximately $13.8 million or 97.7% have returned to regular payment status.
Loans classified as TDRs	$ 1,900,000	1,600,000
Bankruptcy proceedings, percentage	26.20%
Troubled debt restructurings		323,000
Total past due	$ 6,542,000	8,960,000
Purchase credit discount	351,000	351,000
Loans Past Due Over 90 Days [Member]
Loans (Details) [Line Items]
Nonaccrual loan	508,000	369,000
Total past due	3,385,000	3,776,000
Financing Receivables 30 To 89 Days Past Due [Member]
Loans (Details) [Line Items]
Total past due	3,157,000	5,184,000
Troubled Debt Restructuring [Member]
Loans (Details) [Line Items]
Nonaccrual loan	1,800,000	$ 1,300,000
Loans receivable, description		One loan totaling $248,000 was refinanced with $30,000 cash out because of cost overruns associated with construction of two four-plexes. This loan was part of an overall credit facility maintained for the construction project. The credit facility is secured by the project real estate as well as additional real estate. The loan was classified as a TDR because of payment delays experienced by the borrower. Subsequent to June 30, 2019, an updated appraisal showing adequate loan-to-value in support of the project was obtained. One loan totaling $75,000 was modified with $15,000 cash out and an extension of the loan term to enable the borrower to consolidate debts and establish acceptable debt service obligations after a period of unemployment.
Troubled Debt Restructuring [Member] | Loans Past Due Over 90 Days [Member]
Loans (Details) [Line Items]
Total past due	28,000	$ 13,000
Troubled Debt Restructuring [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Loans (Details) [Line Items]
Total past due	$ 101,000

Loans (Details) - Schedule of l

Loans (Details) - Schedule of loan portfolio - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Residential real estate
One- to four-family	$ 222,489	$ 216,066
Multi-family	12,373	15,928
Construction	4,045	3,757
Land	765	852
Farm	2,354	3,157
Nonresidential real estate	33,503	30,419
Commercial and industrial	2,214	2,075
Consumer and other
Loans on deposits	1,245	1,415
Home equity	7,645	8,214
Automobile	67	91
Unsecured	675	451
Loans receivable, gross	287,375	282,425
Allowance for loan losses	(1,488)	(1,456)
Loans receivable - net	$ 285,887	$ 280,969

Loans (Details) - Schedule of a

Loans (Details) - Schedule of allowance for loan losses and the recorded investment in loans by portfolio - USD ($) $ in Thousands		Jun. 30, 2020	Jun. 30, 2019
Ending loans balance		$ 287,375	$ 282,425
Ending allowance attributed to loans		1,288	1,256
Unallocated allowance		200	200
Total allowance		1,488	1,456
Loans individually evaluated for impairment [Member]
Loans individually evaluated		5,686	5,514
Loans acquired with deteriorated credit quality	[1]	751	949
Ending loans balance		6,437	6,463
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Loans collectively evaluated for impairment [Member]
Ending loans balance		280,938	275,962
Ending allowance attributed to loans		1,288	1,256
Unallocated allowance		200	200
Total allowance		1,488	1,456
One-to four-family residential real estate [Member] | Loans individually evaluated for impairment [Member]
Loans individually evaluated		3,983
Loans acquired with deteriorated credit quality	[1]	751
Ending loans balance		4,734
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Multi-family [Member] | Loans individually evaluated for impairment [Member]
Loans individually evaluated		671	685
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		671	685
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Multi-family [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		11,702	15,928
Ending allowance attributed to loans		184	200
Unallocated allowance
Total allowance		184	200
Construction [Member] | Loans individually evaluated for impairment [Member]
Loans individually evaluated		63
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		63
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Farm [Member] | Loans individually evaluated for impairment [Member]
Loans individually evaluated		309	309
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		309	309
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Farm [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		2,045	2,848
Ending allowance attributed to loans		4	6
Unallocated allowance
Total allowance		4	6
Nonresidential real estate [Member] | Loans individually evaluated for impairment [Member]
Loans individually evaluated		660	683
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		660	683
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Nonresidential real estate [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		32,843	29,736
Ending allowance attributed to loans		405	336
Unallocated allowance
Total allowance		405	336
One-to four-family residential real estate [Member] | Loans individually evaluated for impairment [Member]
Loans individually evaluated			3,837
Loans acquired with deteriorated credit quality	[1]		949
Ending loans balance			4,786
Ending allowance attributed to loans
Unallocated allowance
Total allowance
One-to four-family residential real estate [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		217,755	210,595
Ending allowance attributed to loans		671	685
Unallocated allowance
Total allowance		671	685
Construction [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		3,982	3,757
Ending allowance attributed to loans		6	6
Unallocated allowance
Total allowance		6	6
Land [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		765	852
Ending allowance attributed to loans		1	1
Unallocated allowance
Total allowance		1	1
Commercial and industrial [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		2,214	2,075
Ending allowance attributed to loans		3	5
Unallocated allowance
Total allowance		3	5
Loans on deposits [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		1,245
Ending allowance attributed to loans		2
Unallocated allowance
Total allowance		2
Home equity [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		7,645	8,214
Ending allowance attributed to loans		11	14
Unallocated allowance
Total allowance		11	14
Automobile [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		67	91
Ending allowance attributed to loans
Unallocated allowance
Total allowance
Unsecured [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance		675	451
Ending allowance attributed to loans		1
Unallocated allowance
Total allowance		1
Unallocated [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance
Ending allowance attributed to loans
Unallocated allowance		200	200
Total allowance		$ 200	200
Loans collectively evaluated for impairment [Member] | Loans collectively evaluated for impairment [Member]
Ending loans balance			1,415
Ending allowance attributed to loans			3
Unallocated allowance
Total allowance			$ 3
[1]	These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition.

Loans (Details) - Schedule of i

Loans (Details) - Schedule of impaired loans by class of loans - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Residential real estate:
Unpaid Principal Balance and Recorded Investment, With no related allowance	$ 6,437	$ 6,463
Allowance for Loan Losses Allocated, With no related allowance
Average Recorded Investment, With no related allowance	6,415	5,505
Interest Income Recognized, With no related allowance	262	259
Cash Basis Income Recognized, With no related allowance	262	259
One-to four-family residential real estate [Member]
Residential real estate:
Unpaid Principal Balance and Recorded Investment, With no related allowance	4,734	4,786
Allowance for Loan Losses Allocated, With no related allowance
Average Recorded Investment, With no related allowance	4,713	4,449
Interest Income Recognized, With no related allowance	172	226
Cash Basis Income Recognized, With no related allowance	172	226
Residential Real Estate Multi Family [Member]
Residential real estate:
Unpaid Principal Balance and Recorded Investment, With no related allowance	671	685
Allowance for Loan Losses Allocated, With no related allowance
Average Recorded Investment, With no related allowance	679	343
Interest Income Recognized, With no related allowance	32	26
Cash Basis Income Recognized, With no related allowance	32	26
Construction [Member]
Residential real estate:
Unpaid Principal Balance and Recorded Investment, With no related allowance	63
Allowance for Loan Losses Allocated, With no related allowance
Average Recorded Investment, With no related allowance	13
Interest Income Recognized, With no related allowance
Cash Basis Income Recognized, With no related allowance
Farm [Member]
Residential real estate:
Unpaid Principal Balance and Recorded Investment, With no related allowance	309	309
Allowance for Loan Losses Allocated, With no related allowance
Average Recorded Investment, With no related allowance	309	310
Interest Income Recognized, With no related allowance	11
Cash Basis Income Recognized, With no related allowance	11
Nonresidential real estate [Member]
Residential real estate:
Unpaid Principal Balance and Recorded Investment, With no related allowance	660	683
Allowance for Loan Losses Allocated, With no related allowance
Average Recorded Investment, With no related allowance	701	403
Interest Income Recognized, With no related allowance	47	7
Cash Basis Income Recognized, With no related allowance	$ 47	$ 7

Loans (Details) - Schedule of r

Loans (Details) - Schedule of recorded investment in nonaccrual and loans - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	$ 6,260	$ 6,232
Loans Past Due Over 90 Days Still Accruing	1,135	1,796
One- to four-family [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	4,458	4,545
Loans Past Due Over 90 Days Still Accruing	1,135	1,747
Multi-family [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	671	685
Loans Past Due Over 90 Days Still Accruing
Construction [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	63
Loans Past Due Over 90 Days Still Accruing
Farm [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	309	309
Loans Past Due Over 90 Days Still Accruing
Nonresidential real estate [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	660	683
Loans Past Due Over 90 Days Still Accruing		49
Commercial and industrial [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	4	1
Loans Past Due Over 90 Days Still Accruing
Consumer [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Nonaccrual	95	9
Loans Past Due Over 90 Days Still Accruing

Loans (Details) - Schedule of p

Loans (Details) - Schedule of principal balance outstanding in past due loans - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 6,542	$ 8,960
Loans Not Past Due	280,833	273,465
Total	287,375	282,425
Unsecured [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Loans Not Past Due	675	451
Total	675	451
One-to four-family residential real estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	5,216	7,500
Loans Not Past Due	217,273	208,566
Total	222,489	216,066
Multi-family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due		248
Loans Not Past Due	12,373	15,680
Total	12,373	15,928
Construction [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	255	753
Loans Not Past Due	3,790	3,004
Total	4,045	3,757
Land [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Loans Not Past Due	765	852
Total	765	852
Farm [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	416	2
Loans Not Past Due	1,938	3,155
Total	2,354	3,157
Nonresidential real estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	310	411
Loans Not Past Due	33,193	30,008
Total	33,503	30,419
Commercial and industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Loans Not Past Due	2,214	2,075
Total	2,214	2,075
Loans on deposits [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Loans Not Past Due	1,245	1,415
Total	1,245	1,415
Home equity [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	345	38
Loans Not Past Due	7,300	8,176
Total	7,645	8,214
Automobile [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due		8
Loans Not Past Due	67	83
Total	67	91
30-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	3,157	5,184
30-89 Days Past Due [Member] | Unsecured [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
30-89 Days Past Due [Member] | One-to four-family residential real estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	2,546	4,021
30-89 Days Past Due [Member] | Multi-family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
30-89 Days Past Due [Member] | Construction [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	192	753
30-89 Days Past Due [Member] | Land [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
30-89 Days Past Due [Member] | Farm [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	107	2
30-89 Days Past Due [Member] | Nonresidential real estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	57	362
30-89 Days Past Due [Member] | Commercial and industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
30-89 Days Past Due [Member] | Loans on deposits [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
30-89 Days Past Due [Member] | Home equity [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	255	38
30-89 Days Past Due [Member] | Automobile [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due		8
90 Days or Greater Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	3,385	3,776
90 Days or Greater Past Due [Member] | Unsecured [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
90 Days or Greater Past Due [Member] | One-to four-family residential real estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	2,670	3,479
90 Days or Greater Past Due [Member] | Multi-family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due		248
90 Days or Greater Past Due [Member] | Construction [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	63
90 Days or Greater Past Due [Member] | Land [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
90 Days or Greater Past Due [Member] | Farm [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	309
90 Days or Greater Past Due [Member] | Nonresidential real estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	253	49
90 Days or Greater Past Due [Member] | Commercial and industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
90 Days or Greater Past Due [Member] | Loans on deposits [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
90 Days or Greater Past Due [Member] | Home equity [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	90
90 Days or Greater Past Due [Member] | Automobile [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due

Loans (Details) - Schedule of_2

Loans (Details) - Schedule of analysis performed, the risk category of loans by class of loans - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	$ 276,708	$ 269,768
Pass [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	2,045	2,848
Pass [Member] | Commercial and industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	2,188	1,584
Pass [Member] | Deposits [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	1,245	1,415
Pass [Member] | Home equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	7,505	8,053
Pass [Member] | Automobiles [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	67	91
Pass [Member] | Unsecured [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	670	446
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	1,720	1,777
Special Mention [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Special Mention [Member] | Commercial and industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Special Mention [Member] | Deposits [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Special Mention [Member] | Home equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	39	137
Special Mention [Member] | Automobiles [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Special Mention [Member] | Unsecured [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	8,947	10,880
Substandard [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	309	309
Substandard [Member] | Commercial and industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	26	491
Substandard [Member] | Deposits [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Substandard [Member] | Home equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	101	24
Substandard [Member] | Automobiles [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Substandard [Member] | Unsecured [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	5	5
Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Doubtful [Member] | Farm [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Doubtful [Member] | Commercial and industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Doubtful [Member] | Deposits [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Doubtful [Member] | Home equity [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Doubtful [Member] | Automobiles [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Doubtful [Member] | Unsecured [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
One- to four-family [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	215,010	206,489
One- to four-family [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	742	894
One- to four-family [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	6,737	8,683
One- to four-family [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Multifamily [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	11,702	15,243
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Multifamily [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	671	685
Multifamily [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Construction [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	3,982	3,757
Construction [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Construction [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	63
Construction [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Land [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	765	852
Land [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Land [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Land [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross
Nonresidential real estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	31,529	28,990
Nonresidential real estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	939	746
Nonresidential real estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross	1,035	683
Nonresidential real estate [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans receivable, gross

Loans (Details) - Schedule of_3

Loans (Details) - Schedule of allowance for loan losses by portfolio segment - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
One- to four-family [Member]
Residential real estate:
Beginning balance	$ 685	$ 795
Provision for loan losses	49	41
Loans charged off	(65)	(190)
Recoveries	2	39
Ending balance	671	685
Multi-family [Member]
Residential real estate:
Beginning balance	200	225
Provision for loan losses	(16)	(25)
Loans charged off
Recoveries
Ending balance	184	200
Construction [Member]
Residential real estate:
Beginning balance	6	8
Provision for loan losses		(2)
Loans charged off
Recoveries
Ending balance	6	6
Land [Member]
Residential real estate:
Beginning balance	1	1
Provision for loan losses
Loans charged off
Recoveries
Ending balance	1	1
Farm [Member]
Residential real estate:
Beginning balance	6	6
Provision for loan losses	(2)
Loans charged off
Recoveries
Ending balance	4	6
Nonresidential real estate [Member]
Residential real estate:
Beginning balance	336	321
Provision for loan losses	69	15
Loans charged off
Recoveries
Ending balance	405	336
Commercial and industrial [Member]
Residential real estate:
Beginning balance	5	3
Provision for loan losses	(2)	2
Loans charged off
Recoveries
Ending balance	3	5
Loans on deposits [Member]
Residential real estate:
Beginning balance	3	3
Provision for loan losses	(1)
Loans charged off
Recoveries
Ending balance	2	3
Home equity [Member]
Residential real estate:
Beginning balance	14	13
Provision for loan losses	(3)	1
Loans charged off
Recoveries
Ending balance	11	14
Auto [Member]
Residential real estate:
Beginning balance
Provision for loan losses	8
Loans charged off	(8)
Recoveries
Ending balance
Unsecured [Member]
Residential real estate:
Beginning balance		1
Provision for loan losses	1	(21)
Loans charged off
Recoveries		20
Ending balance	1
Unallocated [Member]
Residential real estate:
Beginning balance	200	200
Provision for loan losses
Loans charged off
Recoveries
Ending balance	200	200
Total [Member]
Residential real estate:
Beginning balance	1,456	1,576
Provision for loan losses	103	11
Loans charged off	(73)	(190)
Recoveries	2	59
Ending balance	$ 1,488	$ 1,456

Loans (Details) - Schedule of_4

Loans (Details) - Schedule of purchased credit impaired loans - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
One- to four-family [Member]
Residential real estate:
One- to four-family residential real estate	$ 751	$ 949

Loans (Details) - Schedule of_5

Loans (Details) - Schedule of accretable yield, or income expected to be collected - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of accretable yield, or income expected to be collected [Abstract]
Balance at beginning of period	$ 544	$ 634
Accretion of income	(97)	(90)
Balance at end of period	$ 447	$ 544

Real Estate Owned (Details) - S

Real Estate Owned (Details) - Schedule of activity in real estate owned - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of activity in real estate owned [Abstract]
Balance at beginning of year	$ 710	$ 710
Loans transferred to real estate owned	304	347
Capitalized expenditures	44	98
Valuation adjustments	(36)	(66)
Disposals	(382)	(379)
Balance at end of year	$ 640	$ 710

Premises and Equipment (Details

Premises and Equipment (Details) - Schedule of premises and equipment - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Schedule of premises and equipment [Abstract]
Land	$ 1,516	$ 1,516
Buildings and improvements	6,493	6,492
Furniture and equipment	2,204	2,134
Automobiles	36	36
Premises and equipment, gross	10,249	10,178
Less: accumulated depreciation	5,333	5,150
Balance at end of year	$ 4,916	$ 5,028

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2005
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill amount			$ 14,500
Goodwill net amount	$ 14,500
Goodwill impairment loss	13,600	$ 0
Carrying value of goodwill	$ 13,600

Deposits (Details)

Deposits (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Disclosure Text Block [Abstract]
Deposits	$ 250,000
Certificate of deposit accounts with balances equal to or in exceeding of $250,000 totaling	$ 13,000,000	$ 9,800,000

Deposits (Details) - Schedule o

Deposits (Details) - Schedule of deposits - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Schedule of deposits [Abstract]
Non-interest bearing checking accounts	$ 8,258	$ 5,534
Checking accounts	15,133	13,126
Savings accounts	45,571	43,228
Money market demand deposits	9,156	8,056
Total demand, transaction and passbook deposits	78,118	69,944
Certificates of deposit	134,155	125,892
Total deposits	$ 212,273	$ 195,836

Deposits (Details) - Schedule_2

Deposits (Details) - Schedule of maturities of outstanding certificates of deposit - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Schedule of maturities of outstanding certificates of deposit [Abstract]
2021	$ 92,489
2022	30,819
2023	7,795
2024	1,098
2025 and thereafter	1,954
Total certificates of deposit	$ 134,155	$ 125,892

Advances from the Federal Hom_3

Advances from the Federal Home Loan Bank (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019
Advances from the Federal Home Loan Bank (Details) [Line Items]
Federal home loan bank, advances, additional borrowing capacity (in Dollars)	$ 74.6
Federal home loan bank, advances, pledged collateral which would enable us to borrow up amount (in Dollars)	4.8
Long-term Line of Credit (in Dollars)	5
Residential Mortgage [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Advances from the federal home loan bank (in Dollars)	$ 172	$ 86.8
Minimum [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Federal home loan bank, advances, fixed interest rate	0.21%	2.11%
Maximum [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Federal home loan bank, advances, fixed interest rate	2.30%	2.41%
Weighted Average [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Federal home loan bank, advances, fixed interest rate	0.99%	2.39%

Advances from the Federal Hom_4

Advances from the Federal Home Loan Bank (Details) - Schedule of advances from the federal home loan bank $ in Thousands	Jun. 30, 2020USD ($)
Schedule of advances from the federal home loan bank [Abstract]
2021	$ 28,342
2022	6,307
2023	12,679
2024	3,659
2025	3,643
2026	31
2027	22
2028-2032	32
Advances from the Federal Home Loan Bank	$ 54,715

Federal Income Taxes (Details)

Federal Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Federal Income Taxes (Details) [Line Items]
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	$ 1,300,000
Parent [Member]
Federal Income Taxes (Details) [Line Items]
Recognized a tax benefit		$ 63,000

Federal Income Taxes (Details)

Federal Income Taxes (Details) - Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate [Abstract]
Federal income taxes at the statutory rate	$ (2,579)	$ 200
Increase (decrease) resulting primarily from:
Cash surrender value of life insurance	(16)	(15)
Deferred tax liability adjustment, net, resulting from Kentucky tax legislation	14	(63)
Goodwill impairment	2,848
Other	(3)	19
Total federal income taxes	$ 264	$ 141

Federal Income Taxes (Details_2

Federal Income Taxes (Details) - Schedule of composition of the company's net deferred tax liability - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Deferred tax assets:
General loan loss allowance	$ 371	$ 363
Accrued expenses	164	113
Fair value accounting adjustments on acquisition	199	223
Nonaccrued interest on loans	118	102
Other real estate owned adjustments	17	16
Depreciation	37	38
Charitable contributions	12
State net operating loss carryforward		170
Total deferred tax assets	918	1,025
Deferred tax liabilities:
Federal Home Loan Bank stock dividends	(981)	(981)
Deferred loan origination costs	(33)	(48)
Loan servicing rights	(24)	(18)
Accrual to cash adjustment	(170)	(127)
Fair value accounting adjustments on acquisition	(547)	(552)
Total deferred tax liabilities	(1,755)	(1,726)
Net deferred tax liability	$ (837)	$ (701)

Loan Commitments (Details)

Loan Commitments (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Loan Commitments (Details) [Line Items]
Fixed rate loan commitments	$ 854,000	$ 2,700,000
Minimum [Member]
Loan Commitments (Details) [Line Items]
Loan commitments interest rates	3.25%	3.75%
Loan commitments maturities term	1 year	7 years
Maximum [Member]
Loan Commitments (Details) [Line Items]
Loan commitments interest rates	6.00%	7.00%
Loan commitments maturities term	30 years	20 years

Loan Commitments (Details) - Sc

Loan Commitments (Details) - Schedule of outstanding loan commitments - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Unused commitment revolving, open-end lines secured by real estate [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments
Unused commitment revolving, open-end lines secured by real estate [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments	10,354	9,520
Unused commitment commitments to fund real estate construction loans [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments	854	2,715
Unused commitment commitments to fund real estate construction loans [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments	8,443	3,386
Other unused commitment commercial and industrial loans [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments	2,541	2,156
Other unused commitment commercial and industrial loans [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments
Other unused commitment other [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments	1,576	1,145
Other unused commitment other [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments	2,454	1,240
Other unused commitment Letters of credit [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments
Other unused commitment Letters of credit [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments

Stockholders' Equity and Regu_3

Stockholders' Equity and Regulatory Capital (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Stockholders' Equity and Regulatory Capital (Details) [Line Items]
Qualified Thrift Lender test, description	Federal regulations require the Banks comply with the Qualified Thrift Lender (“QTL”) test, which requires that 65% of assets be maintained in housing-related finance and other specified assets.
Average total consolidated assets (in Dollars)	$ 10,000
Leverage Ratio	9.00%
Description of minimum risk-based capital requirements	The first of the April 2020 interim final rules reduced the minimum ratio from 9% to 8% for those banking organizations otherwise meeting the other existing qualifying criteria) as well as establishing a two-quarter grace period for qualifying community banking organizations whose leverage ratios fall below the 8% CBLR requirement, so long as the banking organization maintains a leverage ratio of 7% or greater. The second interim final rule provides a transition from the temporary 8% CBLR requirement to a 9% requirement. It establishes a minimum CBLR of 8% for the second through fourth quarters of 2020, an 8.5% minimum for 2021 and 9% thereafter, while maintaining a two-quarter grace period for qualifying community banking organizations whose leverage ratios fall no more than 100 basis points below the applicable CBLR requirement. The Company intends to continue with the existing layered ratio structure. Under this framework the Company and the Banks would be considered well-capitalized under the applicable guidelines.
Banks qualify percentage	0.025
First Federal MHC waived dividends (in Dollars)	$ 1.9	$ 1.9
New capital rules [Member]
Stockholders' Equity and Regulatory Capital (Details) [Line Items]
Common equity Tier 1 risk-based capital ratio	0.065
Tier 1 risk-based capital ratio	0.080
Total risk-based capital ratio	0.100
Tier 1 leverage ratio	0.050

Stockholders' Equity and Regu_4

Stockholders' Equity and Regulatory Capital (Details) - Schedule of regulatory capitals $ in Thousands	Jun. 30, 2020USD ($)
First federal savings and loan association of hazard [Member] | Community bank leverage ratio [Member]
Risk-based capital:
Common Equity Tier 1 capital ratio, Actual Amount	$ 18,256
Common Equity Tier 1 capital ratio, Actual Ratio	21.90%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 3,740
Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%
First federal savings bank of kentucky [Member] | Community bank leverage ratio [Member]
Risk-based capital:
Common Equity Tier 1 capital ratio, Actual Amount	$ 29,898
Common Equity Tier 1 capital ratio, Actual Ratio	12.10%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 15,153
Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%
Common equity tier 1 capital ratio [Member] | Risk based capital [Member]
Risk-based capital:
Common Equity Tier 1 capital ratio, Actual Amount	$ 50,962
Common Equity Tier 1 capital ratio, Actual Ratio	27.60%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 8,305
Minimum Requirement For Capital Adequacy Purposes Ratio	4.50%
Tier 1 core capital ratio [Member] | Risk based capital [Member]
Risk-based capital:
Common Equity Tier 1 capital ratio, Actual Amount	$ 50,962
Common Equity Tier 1 capital ratio, Actual Ratio	27.60%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 11,073
Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%
Total capital ratio [Member] | Risk based capital [Member]
Risk-based capital:
Common Equity Tier 1 capital ratio, Actual Amount	$ 50,962
Common Equity Tier 1 capital ratio, Actual Ratio	27.60%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 14,764
Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%
Tier 1 leverage capital to average assets [Member] | Leverage capital [Member]
Risk-based capital:
Common Equity Tier 1 capital ratio, Actual Amount	$ 50,962
Common Equity Tier 1 capital ratio, Actual Ratio	15.40%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 13,220
Minimum Requirement For Capital Adequacy Purposes Ratio	4.00%

Stockholders' Equity and Regu_5

Stockholders' Equity and Regulatory Capital (Details) - Schedule of minimum capital ratios $ in Thousands	Jun. 30, 2019USD ($)
Kentucky first federal [Member]
Common Equity Tier 1 capital ratio
Common Equity Tier 1 capital ratio, Actual Amount	$ 51,767
Common Equity Tier 1 capital ratio, Actual Ratio	26.80%
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 8,685
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	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
Tier 1 (core) capital ratio, Actual Amount	$ 51,767
Tier 1 (core) capital ratio, Actual Ratio	0.268
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 11,581
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%
Tier 1 (core) capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount
Tier 1 (core) capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
Total capital ratio
Total capital ratio, Actual Amount	$ 53,223
Total capital ratio, Actual Ratio	27.50%
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 15,441
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%
Total capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount
Total capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
Tier 1 leverage capital to average assets
Tier 1 leverage capital to average assets, Actual Amount	$ 51,767
Tier 1 leverage capital to average assets, Actual Ratio	0.167
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Amount	$ 12,424
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Ratio	0.040
Tier 1 leverage capital to average assets, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount
Tier 1 leverage capital to average assets, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio
First federal of hazard [Member]
Common Equity Tier 1 capital ratio
Common Equity Tier 1 capital ratio, Actual Amount	$ 18,275
Common Equity Tier 1 capital ratio, Actual Ratio	38.50%
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 2,139
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	4.50%
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 3,090
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	6.50%
Tier 1 (core) capital ratio
Tier 1 (core) capital ratio, Actual Amount	$ 18,275
Tier 1 (core) capital ratio, Actual Ratio	0.385
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 2,852
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%
Tier 1 (core) capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 3,803
Tier 1 (core) capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	0.080
Total capital ratio
Total capital ratio, Actual Amount	$ 18,816
Total capital ratio, Actual Ratio	39.60%
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 3,803
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%
Total capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 4,753
Total capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	10.00%
Tier 1 leverage capital to average assets
Tier 1 leverage capital to average assets, Actual Amount	$ 18,275
Tier 1 leverage capital to average assets, Actual Ratio	0.223
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Amount	$ 3,285
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Ratio	0.040
Tier 1 leverage capital to average assets, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 4,106
Tier 1 leverage capital to average assets, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	0.050
First federal of kentucky [Member]
Common Equity Tier 1 capital ratio
Common Equity Tier 1 capital ratio, Actual Amount	$ 29,659
Common Equity Tier 1 capital ratio, Actual Ratio	20.40%
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 6,543
Common Equity Tier 1 capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	4.50%
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 9,451
Common Equity Tier 1 capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	6.50%
Tier 1 (core) capital ratio
Tier 1 (core) capital ratio, Actual Amount	$ 29,659
Tier 1 (core) capital ratio, Actual Ratio	0.204
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 8,724
Tier 1 (core) capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	6.00%
Tier 1 (core) capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 11,632
Tier 1 (core) capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	0.080
Total capital ratio
Total capital ratio, Actual Amount	$ 30,574
Total capital ratio, Actual Ratio	21.00%
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Amount	$ 11,632
Total capital ratio, Minimum Requirement For Capital Adequacy Purposes Ratio	8.00%
Total capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 14,540
Total capital ratio, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	10.00%
Tier 1 leverage capital to average assets
Tier 1 leverage capital to average assets, Actual Amount	$ 29,659
Tier 1 leverage capital to average assets, Actual Ratio	0.129
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Amount	$ 9,175
Tier 1 leverage capital to average assets, Minimum Requirement For Capital Adequacy Purposes Ratio	0.040
Tier 1 leverage capital to average assets, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Amount	$ 11,469
Tier 1 leverage capital to average assets, Minimum Requirement To be "Well- Capitalized" Under Prompt Corrective Action Provisions Ratio	0.050

Condensed Financial Statement_3

Condensed Financial Statements of Kentucky First Federal Bancorp (Details) - Schedule of Balance Sheets - Parent Company [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
ASSETS
Other interest-bearing deposits	$ 34	$ 30
Prepaid expenses and other assets	883	939
Total assets	51,937	66,300
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other liabilities	26	22
Total liabilities	26	22
Shareholders’ equity	51,911	66,278
Total liabilities and shareholders’ equity	51,937	66,300
First Federal of Hazard [Member]
ASSETS
Interest-bearing deposits in First Federal of Hazard	1,282	1,168
Investment in First Federal of Hazard	18,314	18,366
First Federal of Kentucky [Member]
ASSETS
Interest-bearing deposits in First Federal of Kentucky	167	1,057
Frankfort First [Member]
ASSETS
Investment in Frankfort First	$ 31,257	$ 44,740

Condensed Financial Statement_4

Condensed Financial Statements of Kentucky First Federal Bancorp (Details) - Schedule of Statements of Income - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income
Interest income	$ 42	$ 54
Total income	(12,281)	1,815
Non-interest expenses	325	382
(Loss) earnings before income taxes	(12,606)	941
Federal income tax expense (benefit)	(59)	(106)
Net (loss) income	(12,547)	812
Comprehensive (loss) income	(12,549)	816
Unrealized holding gains (losses) on securities designated as available for sale during the year, net of taxes (benefits) of $(1) and $1 in 2020 and 2019, respectively	(2)	4
First Federal of Hazard [Member]
Income
Dividends	607	740
Equity in undistributed earnings	(47)	(224)
Frankfort First [Member]
Income
Dividends	576	2,499
Equity in undistributed earnings	$ (13,459)	$ (1,981)

Condensed Financial Statement_5

Condensed Financial Statements of Kentucky First Federal Bancorp (Details) - Schedule of Statements of Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Unrealized holding gains (losses) on securities designated as available for sale	$ (1)	$ 1

Condensed Financial Statement_6

Condensed Financial Statements of Kentucky First Federal Bancorp (Details) - Schedule of Statements of Cash Flows - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net (loss) earnings for the year	$ (12,547)	$ 812
Adjustments to reconcile net earnings to net cash provided by operating activities:
Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries	13,509	2,205
Noncash compensation expense	112	1,588
Depreciation	12	11
Prepaid expenses and other assets	68	(206)
Other liabilities	4	(10)
Net cash provided by operating activities	1,158	2,970
Additions to premises and equipment, net
Net cash used in investing activities
Cash flows from financing activities:
Treasury stock purchases	(542)	(904)
Dividends paid on common stock	(1,388)	(1,436)
Net cash used in financing activities	(1,930)	(2,340)
Net increase (decrease) in cash and cash equivalents	(772)	630
Beginning cash and cash equivalents	2,255	1,625
Ending cash and cash equivalents	$ 1,483	$ 2,255