Kentucky First Federal Bancorp (KFFB) 10-K 28 Sep 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2022	Sep. 24, 2022	Dec. 31, 2021
Document Information Line Items
Entity Registrant Name	KENTUCKY FIRST FEDERAL BANCORP
Trading Symbol	KFFB
Document Type	10-K
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		8,154,695
Entity Public Float			$ 19.2
Amendment Flag	false
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, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	0-51176
Entity Incorporation, State or Country Code	X1
Entity Tax Identification Number	61-1484858
Entity Address, Address Line One	655 Main Street
Entity Address, City or Town	Hazard
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	41702
City Area Code	(502)
Local Phone Number	223-1638
Title of 12(b) Security	Common Stock, $0.01 par value per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Auditor Name	FORVIS, LLP
Auditor Location	Louisville, KY
Auditor Firm ID	686

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
ASSETS
Cash and due from financial institutions	$ 2,002	$ 1,834
Fed funds sold	14,824	5,001
Interest-bearing demand deposits	8,997	14,813
Cash and cash equivalents	25,823	21,648
Time deposits in other financial institutions		247
Securities available for sale	10,477	33
Securities held-to-maturity, at amortized cost- approximate fair value of $323 and $476 at June 30, 2022 and 2021, respectively	339	462
Loans held for sale	152	1,307
Loans, net of allowance of $1,529 and $1,622 at June 30, 2022 and 2021, respectively	274,583	297,902
Other real estate owned, net	10	82
Premises and equipment, net	4,563	4,697
Federal Home Loan Bank stock, at cost	6,498	6,498
Accrued interest receivable	649	694
Bank-owned life insurance	2,750	2,672
Goodwill	947	947
Prepaid income taxes	382	40
Prepaid expenses and other assets	907	834
Total assets	328,080	338,063
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	239,857	226,843
Federal Home Loan Bank advances	34,066	56,873
Advances by borrowers for taxes and insurance	766	838
Accrued interest payable	12	20
Deferred income taxes	889	614
Other liabilities	465	579
Total liabilities	276,055	285,767
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	34,892	34,916
Retained earnings	20,560	20,364
Unearned employee stock ownership plan (ESOP)	(5)	(102)
Treasury shares at cost, 441,369 and 369,349 common shares at June 30, 2022 and 2021, respectively	(3,508)	(2,968)
Accumulated other comprehensive income
Total shareholders’ equity	52,025	52,296
Total liabilities and shareholders’ equity	$ 328,080	$ 338,063

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Statement of Financial Position [Abstract]
Securities held-to-maturity securities, fair value (in Dollars)	$ 323	$ 476
Loans, net of allowance (in Dollars)	$ 1,529	$ 1,622
Preferred stock, shares authorized	500,000	500,000
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	20,000,000	20,000,000
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	8,596,064	8,596,064
Treasury stock, shares	441,369	369,349

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Interest income
Loans, including fees	$ 10,659	$ 11,979
Mortgage-backed securities	23	14
Other securities		3
Interest-bearing deposits and other	232	156
Total interest income	10,914	12,152
Interest expense
Deposits	1,387	1,711
Borrowings	367	430
Total interest expense	1,754	2,141
Net interest income	9,160	10,011
Provision (credit) for loan losses	(60)	192
Net interest income after provision for loan losses	9,220	9,819
Non-interest income
Earnings on bank-owned life insurance	78	78
Net gains on sales of loans	255	380
Net loss on sales of REO	(35)	(19)
Valuation adjustment for REO		(19)
Net loss on sales of property		(2)
Other	217	177
Total non-interest income	515	595
Non-interest expense
Employee compensation and benefits	4,853	5,358
Data processing	545	647
Occupancy and equipment	632	649
FDIC insurance premiums	71	168
Voice and data communications	123	109
Advertising	135	153
Outside service fees	166	179
Audit and accounting	216	158
Franchise and other taxes	150	131
Foreclosure and REO expense, net	101	66
Regulatory Assessments	103	102
Other	573	522
Total non-interest expense	7,668	8,242
Income before income taxes	2,067	2,172
Income tax expense
Current	202	575
Deferred	275	(223)
Total income tax expense	477	352
NET INCOME	$ 1,590	$ 1,820
EARNINGS PER SHARE
Basic and diluted (in Dollars per share)	$ 0.19	$ 0.22

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Basic and diluted	$ 0.19	$ 0.22

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,590	$ 1,820
Other comprehensive loss, net of tax-related effects:
Unrealized holding losses on securities designated as available for sale during the year, net of tax benefits of $(0) and $(1) in 2022 and 2021, respectively		(2)
Comprehensive income	$ 1,590	$ 1,818

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive (Loss) Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Unrealized holding losses on securities designated as available for sale	$ 0	$ (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, 2020	$ 86	$ 34,981	$ 19,932	$ (289)	$ (2,801)	$ 2	$ 51,911
Net income			1,820				1,820
Allocation of ESOP shares		(65)		187			122
Acquisition of shares for treasury					(167)		(167)
Other Comprehensive Loss						(2)	(2)
Cash dividends of $0.40 per common share			(1,388)				(1,388)
Balance at Jun. 30, 2021	86	34,916	20,364	(102)	(2,968)		52,296
Net income			1,590				1,590
Allocation of ESOP shares		(24)		97			73
Acquisition of shares for treasury					(540)		(540)
Cash dividends of $0.40 per common share			(1,394)				(1,394)
Balance at Jun. 30, 2022	$ 86	$ 34,892	$ 20,560	$ (5)	$ (3,508)		$ 52,025

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders’ Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends of per common share	$ 0.4	$ 0.4

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 1,590	$ 1,820
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation	285	288
Accretion of purchased loan discount	(50)	(321)
Amortization of purchased loan premium		26
Amortization of discounts and premiums on investment securities, net	6
Amortization of deferred loan origination costs (fees)	(98)	7
Net gain on sale of loans	(255)	(380)
Valuation adjustment of REO		19
Net loss on real estate owned	35	19
ESOP compensation expense	73	122
Net loss on sale of property & equipment		2
Earnings on bank-owned life insurance	(78)	(78)
Provision (credit) for loan losses	(60)	192
Origination of loans held for sale	(4,789)	(9,963)
Proceeds from loans held for sale	6,199	9,703
Deferred income tax	275	(223)
Accrued interest receivable	45	136
Prepaid expenses and other assets	(415)	213
Accrued interest payable	(8)	(7)
Accounts payable and other liabilities	(114)	6
Net cash provided by operating activities	2,641	1,581
Cash flows from investing activities:
Purchase of investments available for sale	(10,449)
Maturities of time deposits in other financial institutions	247	1,982
Investment securities maturities, prepayments and calls:
Held to maturity	118	129
Available for sale	4	506
Proceeds from sale of premises & equipment		30
Loans originated for investment, net of principal collected	23,514	(12,220)
Proceeds from sale of real estate owned	50	829
Additions to real estate owned		(1)
Additions to premises and equipment, net	(151)	(101)
Net cash provided by (used in) investing activities	13,333	(8,846)
Cash flows from financing activities:
Net change in deposits	13,014	14,570
Payments by borrowers for taxes and insurance, net	(72)	38
Proceeds from Federal Home Loan Bank advances	9,000	51,600
Repayments on Federal Home Loan Bank advances	(31,807)	(49,442)
Treasury stock purchases	(540)	(167)
Dividends paid on common stock	(1,394)	(1,388)
Net cash (used in) provided by financing activities	(11,799)	15,211
Net increase in cash and cash equivalents	4,175	7,946
Beginning cash and cash equivalents	21,648	13,702
Ending cash and cash equivalents	25,823	21,648
Cash paid during the year for:
Income taxes	550	475
Interest on deposits and borrowings	1,762	2,148
Supplemental disclosure of noncash investing activities:
Transfers from loans to real estate acquired through foreclosure	45	358
Loans disbursed upon sales of real estate acquired through foreclosure	$ 32	$ 50

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2022
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. Debt 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, Mortgage Servicing Rights, and Lender Risk Account In selling loans, the Company utilizes a program with the Federal Home Loan Bank of Cincinnati, (“FHLB”), 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 $28,000 during the years ended June 30, 2022 and 2021, respectively. The carrying value of the Company’s mortgage servicing rights, which approximated fair value, totaled approximately $186,000 and $147,000 at June 30, 2022 and 2021, respectively. The Company was servicing mortgage loans of approximately $23.2 million and $18.3 million that had been sold to the Federal Home Loan Bank at June 30, 2022 and 2021, 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 $42,000 and $14,000 for the fiscal years ended June 30, 2022 and 2021, respectively. Late fees and ancillary fees related to loan servicing are not material. Certain loan sale transactions with FHLB provide for the establishment of a Lender Reserve Account (“LRA”). The LRA consists of amounts withheld by FHLB from loan sale proceeds for absorbing inherent losses that are probable on those sold loans. These withheld funds are an asset to the Company, as they are scheduled to be paid to the Company in future years, net of any credit losses on those loans sold. The receivables are initially measured at fair value. The fair value is estimated by discounting the cash flows over the life of each master commitment contract. The accretable yield is amortized over the life of the master commitment contract. Expected cash flows are reevaluated at each measurement date. If there is an adverse change in expected cash flows, the accretable yield would be adjusted on a prospective basis and the asset evaluated for impairment. 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. Both of the Banks became subject to state income tax in the Commonwealth on 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 are subject to the corporation income tax and limited liability entity tax (“LLET”) instead of the savings and loan tax. With few exceptions, the Company is no longer subject to U.S. federal, state and local tax examinations by tax authorities for years before 2018. 11. Retirement and Employee Benefit Plans The Company also maintained a nonqualified deferred compensation plan for the benefit of certain directors, which was closed to any future deferrals. The expense incurred for the deferred compensation was $4,000 and $0 for the fiscal years ended June 30, 2022 and 2021, respectively. The plan terminated in fiscal year 2022 with the payment of all amounts due. As such, the liabilities totaled $0 and $51,000 at June 30, 2022 and 2021, 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 $14,000 and $277,000 at June 30, 2022 and 2021, respectively. The Company recorded expense for the ESOP of approximately $73,000 and $122,000 for the years ended June 30, 2022 and 2021, respectively. Shares may be surrendered from the plan as employees leave employment. Total shares surrendered from the plan totaled 218,894 and 217,706 at June 30, 2022 and 2021, respectively. The amounts contributed to the ESOP were $280,000 for each of the years 2022 and 2021. For the fiscal year ended June 30, 2022 2021 Allocated shares 117,065 99,668 Shares committed to be released 463 9,338 Unearned shares 461 10,261 Total ESOP shares 117,989 119,267 Fair value of unearned shares at End of period $ 4,000 $ 76,000 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, 2022 2021 Net income allocated to common shareholders, basic and diluted $ 1,590,000 $ 1,820,000 EARNINGS PER SHARE $ 0.19 $ 0.22 Weighted average common shares outstanding, basic and diluted 8,213,407 8,216,193 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 2022 and 2021. 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, 2022 and 2021. The securities represented are only those classified as available-for sale. Fair Value Measurements Using Quotes Prices Identical Significant Other Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2022 Agency mortgage-backed: residential $ 10,477 $ - $ 10,477 $ - 2021 Agency mortgage-backed: residential $ 33 $ - $ 33 $ - There were no transfers between levels 1 and 2. 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, 2022 and 2021 are as follows: Fair Value Measurements at Carrying June 30, 2022 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 25,823 $ 25,823 $ 25,823 Available-for-sale securities 10,477 $ 10,477 10,477 Held-to-maturity securities 339 323 323 Loans held for sale 152 153 153 Loans receivable - net 274,583 $ 271,994 271,994 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 649 649 649 Financial liabilities Deposits $ 239,857 $ 115,152 $ 124,682 $ 239,834 Federal Home Loan Bank advances 34,066 33,688 33,688 Advances by borrowers for taxes and insurance 766 766 766 Accrued interest payable 12 12 12 Carrying Fair Value Measurements at (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 21,648 $ 21,648 $ 21,648 Time deposits in other financial institutions 247 248 248 Available-for-sale securities 33 $ 33 33 Held-to-maturity securities 462 476 476 Loans held for sale 1,307 1,336 1,336 Loans receivable - net 297,902 $ 306,346 306,346 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 694 694 694 Financial liabilities Deposits $ 226,843 $ 101,951 $ 125,232 $ 227,183 Federal Home Loan Bank advances 56,873 57,314 57,314 Advances by borrowers for taxes and insurance 838 838 838 Accrued interest payable 20 20 20 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) 2022 2021 Outstanding principal, beginning of year $ 1,405 $ 1,047 Changes in composition of related parties - 936 Principal disbursed during the year - - Principal repaid and refinanced during the year (717 ) (578 ) Outstanding principal, end of year $ 688 $ 1,405 Deposits from related parties held by the Company at June 30, 2022 and 2021 totaled $5.3 million and $4.3 million, respectively. In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features. 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 – In March 2022 the Financial Accounting Standards Board (“FASB”) issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, as an update to its post-implementation review activities associated with ASU No. 2016-13. The amendments in this Update eliminate the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables-Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying the recognition and measurement guidance for TDRs, an entity must apply the loan refinancing and restructuring guidance provided to determine whether a modification results in a new loan or a continuation of an existing loan. This Update also requires disclosure by public business entities of current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost. Because the Company has not yet adopted amendments in Update 2016-13, the amendments in this Update are effective for the fiscal year beginning July 1, 2023. 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, 2022
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, 2022 and 2021 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 unrealized gains or losses on held-to-maturity securities are not recognized in the financial statements. The gains and losses are as follows: 2022 (in thousands) Amortized Gross unrealized Gross unrealized Estimated Available-for-sale Securities Agency mortgage-backed residential $ 10,477 $ - $ - $ 10,477 Held-to-maturity Securities Agency mortgage-backed: residential $ 339 $ 2 $ 18 $ 323 2021 (in thousands) Amortized Gross unrealized gains Gross unrealized losses Estimated Available-for-sale Securities Agency mortgage-backed residential $ 33 $ - $ - $ 33 Held-to-maturity Securities Agency mortgage-backed: residential $ 462 $ 16 $ 2 $ 476 At June 30, 2022, the Company’s debt securities consisted of mortgage-backed securities, which do not have a single maturity date. 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. There were no sales of securities during the fiscal year ended June 30, 2022 or 2021. At June 30, 2022 the Company had $242,000 in held-to-maturity mortgage-backed securities with gross unrealized losses of $18,000, while at June 30, 2021, the Company had $258,000 in held-to-maturity mortgage-backed securities with gross unrealized losses of $2,000. Of the unrealized losses at June 30, 2022, $3,000 have been in an unrealized loss position for more than 12 months and $15,000 have been in an unrealized loss position for less than 12 months. 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, 2022 and 2021, pledged securities totaled $1.7 million and $1.8 million, respectively. In addition, at June 30, 2022 and 2021, our pledged assets also included time deposits and/or overnight deposits of $1.5 million and $1.5 million, respectively.

Loans

Loans	12 Months Ended
	Jun. 30, 2022
Loan [Abstract]
LOANS	NOTE C - LOANS The composition of the loan portfolio at June 30 was as follows: (in thousands) 2022 2021 Residential real estate One- to four-family $ 216,432 $ 224,125 Multi-family 14,252 19,781 Construction 1,363 5,433 Land 1,062 1,308 Farm 1,338 2,234 Nonresidential real estate 31,441 35,492 Commercial and industrial 1,006 2,259 Consumer and other Loans on deposits 891 1,129 Home equity 7,670 7,135 Automobile 117 75 Unsecured 540 553 276,112 299,524 Allowance for loan losses (1,529 ) (1,622 ) $ 274,583 $ 297,902 The amounts above include net deferred loan fees of $290,000 and $167,000 as of June 30, 2022 and 2021. 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, 2022 and 2021. There were $400,000 and $595,000 in loans acquired with deteriorated credit quality at June 30, 2022 and 2021, respectively. June 30, 2022: (in thousands) Loans Loans Ending Ending Loans individually evaluated for impairment: Residential real estate One- to four-family $ 3,221 $ 400 $ 3,621 $ - Multi-family 570 - 570 - Farm 270 - 270 - Nonresidential real estate 1,073 - 1,073 - Consumer and other Home equity 87 - 87 - Unsecured 5 - 5 - 5,226 400 5,626 - Loans collectivelly evaluated for impairment: Residential real estate One- to four-family $ 212,811 $ 800 Multi-family 13,682 231 Construction 1,363 4 Land 1,062 3 Farm 1,068 5 Nonresidential real estate 30,368 461 Commercial and industrial 1,006 2 Consumer and other Loans on deposits 891 1 Home equity 7,583 21 Automobile 117 - Unsecured 535 1 270,486 1,529 $ 276,112 $ 1,529 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. (in thousands) Loans Loans Ending Ending Loans individually evaluated for impairment: Residential real estate One- to four-family $ 3,738 $ 595 $ 4,333 $ - Multi-family 646 - 646 - Farm 274 - 274 - Nonresidential real estate 1,367 - 1,367 - Consumer and other - - Unsecured 16 - 16 - 6,041 595 6,636 - Loans collectivelly evaluated for impairment: Residential real estate One- to four-family $ 219,792 $ 794 Multi-family 19,135 291 Construction 5,433 12 Land 1,308 3 Farm 1,960 5 Nonresidential real estate 34,125 494 Commercial and industrial 2,259 5 Consumer and other Loans on deposits 1,129 2 Home equity 7,135 15 Automobile 75 - Unsecured 537 1 292,888 1,622 $ 299,524 $ 1,622 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. The following table presents impaired loans by class of loans as of and for the years ended June 30, 2022 and 2021: (in thousands) Unpaid Allowance Average Interest Cash Basis June 30, 2022: With no related allowance recorded: Residential real estate One- to four-family $ 3,621 $ - $ 3,970 $ 145 $ 145 Multi-family 570 - 608 19 19 Farm 270 - 272 16 16 Nonresidential real estate 1,073 - 1,220 59 59 Consumer and other Home equity 87 - 52 1 1 Unsecured 5 - 11 - - $ 5,626 $ - $ 6,133 $ 240 $ 240 June 30, 2021: With no related allowance recorded: Residential real estate One- to four-family $ 4,333 $ - $ 4,534 $ 107 $ 107 Multi-family 646 - 659 24 24 Construction 32 - - Farm 274 - 292 35 35 Nonresidential real estate 1,367 - 1,014 60 60 Consumer and other - - - Unsecured 16 - 8 1 1 $ 6,636 $ - $ 6,539 $ 227 $ 227 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, 2022 and 2021. The tables include loans acquired with deteriorated credit quality. At June 30, 2022, the table below includes approximately $301,000 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, 2021, approximately $365,000 of loans on nonaccrual and no loans past due over 90 days and still accruing represent such loans. June 30, 2022 June 30, 2021 (in thousands) Nonaccrual Loans Nonaccrual Loans Residential real estate One- to four-family $ 3,528 $ 287 $ 4,104 $ 243 Multi-family 570 - 646 - Farm 270 - 274 - Nonresidential real estate 1,073 - 1,367 - Commercial and industrial - 1 - - Consumer and other Home equity 87 - - - Unsecured 3 - 21 - $ 5,531 $ 288 $ 6,412 $ 243 One- to four-family loans in process of foreclosure totaled $489,000 and $577,000 at June 30, 2022 and 2021, 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.” At June 30, 2022 and 2021, the Company had $1.4 million and $1.7 million of loans classified as TDRs, respectively. Of the TDRs at June 30, 2022, approximately 24.7% 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, 2022, the Company had no loans restructured as TDRs. During the year ended June 30, 2021, the Company had two loans, which were associated with a single borrower and were both secured by a single-family residence, restructured as TDRs. The loans were classified as TDRs pursuant to court action under Chapter 7 bankruptcy proceedings without the borrower reaffirming the debt personally. Those two loans were current and totaled $142,000 at June 30, 2021. In December 2020, Congress amended the CARES Act through the Consolidated Appropriation Act of 2021, which provided additional COVID-19 relief to American families and businesses, including extending TDR relief under the CARES Act until the earlier of December 31, 2021 or 60 days following the termination of the 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 $815,000 in loans were accepted into the plan for the twelve months ended June 30, 2021. At June 30, 2021 all of those loans had reached the end of their three-month deferral date period and returned to regular payment status. 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, 2022 or 2021. At June 30, 2022 and 2021, TDR loans on nonaccrual status totaled $1.4 million and $1.7 million, respectively. The Company had no commitments to lend additional amounts as of June 30, 2022 and 2021, to customers with outstanding loans that are classified as troubled debt restructurings. The Company had no TDR loans which defaulted during fiscal 2022 or during fiscal 2021. The following tables present the aging of the principal balance outstanding in accruing past due loans as of June 30, 2022 and 2021, by class of loans. The tables include loans acquired with deteriorated credit quality. At June 30, 2022, the table below includes $161,000 in loans 30-89 days past due and approximately $15,000 of loans past due over 90 days that were acquired with deteriorated credit quality, while at June 30, 2021, the table below includes $96,000 in loans 30-89 days past due and approximately $25,000 of loans past due over 90 days of such loans. June 30, 2022: (in thousands) 30-89 Days Greater than Total Loans Total Residential real estate One- to four-family $ 2,662 $ 1,326 $ 3,988 $ 212,444 $ 216,432 Multi-family - - - 14,252 14,252 Construction 5 - 5 1,358 1,363 Land - - - 1,062 1,062 Farm - - - 1,338 1,338 Nonresidential real estate - - - 31,441 31,441 Commercial and industrial 72 1 73 933 1,006 Consumer and other Loans on deposits - - - 891 891 Home equity 188 71 259 7,411 7,670 Automobile - - - 117 117 Unsecured - - - 540 540 $ 2,927 $ 1,398 $ 4,325 $ 271,787 $ 276,112 June 30, 2021: (in thousands) 30-89 Days Greater than Total Loans Total Residential real estate One- to four-family $ 2,392 $ 1,338 $ 3,730 $ 220,395 $ 224,125 Multi-family - - - 19,781 19,781 Construction 80 - 80 5,353 5,433 Land - - - 1,308 1,308 Farm 101 - 101 2,133 2,234 Nonresidential real estate - 241 241 35,251 35,492 Commercial and industrial 6 - 6 2,253 2,259 Consumer and other Loans on deposits - - - 1,129 1,129 Home equity 116 - 116 7,019 7,135 Automobile - - - 75 75 Unsecured 4 - 4 549 553 $ 2,699 $ 1,579 $ 4,278 $ 295,246 $ 299,524 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, 2022, and 2021, and based on the most recent analysis performed, the risk category of loans by class of loans was as follows: June 30, 2022: (in thousands) Pass Special Mention Substandard Doubtful Residential real estate One- to four-family $ 210,830 $ 194 $ 5,408 $ - Multi-family 13,682 - 570 - Construction 1,363 - - - Land 1,062 - - - Farm 1,068 - 270 - Nonresidential real estate 29,666 702 1,073 - Commercial and industrial 1,006 - - - Consumer and other Loans on deposits 891 - - - Home equity 7,548 - 122 - Automobile 117 - - - Unsecured 535 - 5 - $ 267,768 $ 896 $ 7,448 $ - June 30, 2021: (in thousands) Pass Special Mention Substandard Doubtful Residential real estate One- to four-family $ 217,485 $ 596 $ 6,044 $ - Multi-family 19,135 - 646 - Construction 5,433 - - - Land 1,308 - - - Farm 1,960 - 274 - Nonresidential real estate 32,748 924 1,820 - Commercial and industrial 2,259 - - - Consumer and other Loans on deposits 1,129 - - - Home equity 7,044 39 52 - Automobile 75 - - - Unsecured 546 - 7 - $ 289,122 $ 1,559 $ 8,843 $ - The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended June 30, 2022 and 2021: June 30, 2022: (in thousands) Beginning balance Provision (credit) for loan losses Loans charged off Recoveries Ending balance Residential real estate One- to four-family $ 794 $ 37 $ (31 ) $ - $ 800 Multi-family 291 (60 ) - - 231 Construction 12 (8 ) - - 4 Land 3 - - - 3 Farm 5 - - - 5 Nonresidential real estate 494 (33 ) - - 461 Commercial and industrial 5 (3 ) - - 2 Consumer and other Loans on deposits 2 (1 ) - - 1 Home equity 15 6 - - 21 Automobile - - - - - Unsecured 1 2 (4 ) 2 1 $ 1,622 $ (60 ) $ (35 ) $ 2 $ 1,529 June 30, 2021: (in thousands) Beginning balance Provision (credit) for loan losses Loans charged off Recoveries Ending balance Residential real estate One- to four-family $ 671 $ 146 $ (23 ) $ - $ 794 Multi-family 184 107 - - 291 Construction 6 6 - - 12 Land 1 2 - - 3 Farm 4 1 - - 5 Nonresidential real estate 405 89 - - 494 Commercial and industrial 3 2 - - 5 Consumer and other Loans on deposits 2 - - - 2 Home equity 11 42 (45 ) 7 15 Automobile - - - - - Unsecured 1 (3 ) - 3 1 Unallocated 200 (200 ) - - - $ 1,488 $ 192 $ (68 ) $ 10 $ 1,622 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 $88,000 and $88,000, at June 30, 2022 and 2021, respectively, was as follows: (in thousands) 2022 2021 Residential real estate One- to four-family $ 400 $ 595 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) 2022 2021 Balance at beginning of year $ 390 $ 447 Accretion of income (51 ) (57 ) Balance at end of year $ 339 $ 390 For those purchased loans disclosed above, the Company made no increase in allowance for loan losses for the years ended June 30, 2022 or 2021, nor were any allowance for loan losses reversed during those years.

Real Estate Owned

Real Estate Owned	12 Months Ended
	Jun. 30, 2022
Real Estate Owned [Abstract]
REAL ESTATE OWNED	NOTE D - REAL ESTATE OWNED Activity in real estate owned for the years ended June 30 was as follows: (in thousands) 2022 2021 Balance at beginning of year $ 82 $ 640 Loans transferred to real estate owned 45 358 Capitalized expenditures - 1 Valuation adjustments - (19 ) Disposals (117 ) (898 ) Balance at end of year $ 10 $ 82

Premises and Equipment

Premises and Equipment	12 Months Ended
	Jun. 30, 2022
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) 2022 2021 Land $ 1,516 $ 1,516 Buildings and improvements 6,654 6,536 Furniture & equipment 2,206 2,172 10,376 10,224 Less: accumulated depreciation 5,813 5,527 Balance at end of year $ 4,563 $ 4,697

Goodwill

Goodwill	12 Months Ended
	Jun. 30, 2022
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 $947,000 of goodwill net of impairment losses of $13.6 million at June 30, 2022 and 2021. 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, 2022
Statistical Disclosure for Banks [Abstract]
DEPOSITS	NOTE G - DEPOSITS Deposits consist of the following major classifications at June 30: (in thousands) 2022 2021 Non-interest bearing checking accounts $ 15,726 $ 13,090 Checking accounts 23,902 21,352 Savings Accounts 62,649 56,576 Money market demand deposits 12,875 10,933 Total demand, transaction and passbook deposits 115,152 101,951 Certificates of deposit 124,705 124,892 Total deposits $ 239,857 $ 226,843 Maturities of outstanding certificates of deposit at June 30 are summarized as follows: (in thousands) 2022 2023 $ 85,324 2024 28,320 2025 8,024 2026 1,701 2027 and thereafter 1,336 $ 124,705 At June 30, 2022 and 2021, the Banks had certificate of deposit accounts with balances equal to or in excess of $250,000 totaling approximately $13.1 million and $11.2 million, respectively.

Advances from the Federal Home

Advances from the Federal Home Loan Bank	12 Months Ended
	Jun. 30, 2022
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, 2022 and 2021 by pledges of certain qualifying residential mortgage loans totaling $167.8 million and $133.7 million, respectively, and the Banks’ investment in Federal Home Loan Bank stock, are summarized as follows: (in thousands) 2022 2023 $ 26,680 2024 3,659 2025 3,643 2026 31 2027 22 2028 16 2029 11 2030-2033 4 $ 34,066 At June 30, 2022 interest rates for advances were fixed ranging from 0.20% to 2.30%, with a weighted-average interest rate of 0.96%. 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 $96.6 million as of June 30, 2022. In addition, we have the ability to borrow from the Federal Reserve Bank Discount Window. At June 30, 2022, based on home equity loans and share loans we had pledged collateral which would enable us to borrow up to $5.1 million. First Federal Savings Bank of Kentucky at June 30, 2022, had a $2.0 million Fed Funds line of credit with the Bankers’ Bank of Kentucky.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE I - INCOME TAXES Federal income taxes on earnings differs from that computed at the statutory corporate tax rate for the years ended June 30, 2022 and 2021, as follows: (in thousands) 2022 2021 Income taxes at the statutory rate of 21% $ 434 $ 456 Increase (decrease) resulting from: Cash surrender value of life insurance (16 ) (19 ) State income taxes, net of federal benefit 130 (83 ) Other (71 ) (2 ) $ 477 $ 352 The composition of the Company’s net deferred tax liability at June 30 is as follows: (in thousands) 2022 2021 Taxes (payable) refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 381 $ 405 Accrued expenses 72 102 Fair value accounting adjustments at acquisition 107 199 Nonaccrued interest on loans 107 109 Other real estate owned adjustments - 3 Depreciation 73 42 State net operating loss carryforward 121 227 Total deferred tax assets 861 1,087 Deferred tax liabilities: Federal Home Loan Bank stock dividends (981 ) (981 ) Deferred loan origination costs (36 ) (30 ) Loan servicing rights (46 ) (37 ) Accrual to cash adjustment (152 ) (106 ) Fair value accounting adjustments on acquisition (535 ) (547 ) Total deferred tax liabilities (1,750 ) (1,701 ) Net deferred tax liability $ (889 ) $ (614 ) The Company has state net operating loss carryforward of $3.1 million, which expires beginning 2031. 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, 2022, 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, 2022.

Loan Commitments

Loan Commitments	12 Months Ended
	Jun. 30, 2022
Loan Commitments [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, 2022 and 2021, the Banks had the following outstanding loan commitments: 2022 2021 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ - $ 11,961 $ - $ 11,835 Commitments to fund real estate construction loans - 1,315 519 4,125 Other unused commitments: Commercial and industrial loans 18 65 1,364 - Other 667 3,966 886 4,207 Letters of credit - - - - Commitments to make loans are generally made for periods of 60 days or less. There were no

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Capital	12 Months Ended
	Jun. 30, 2022
Stockholders’ Equity and Regulatory Capital [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. In April 2020, federal banking regulators issued temporary changes to the CBLR framework according to certain directives of the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. These changes were adopted as a final rule and applied to those banking organizations otherwise meeting the other existing qualifying criteria. The changes temporarily reduced the minimum ratio from 9% to 8% through the end of 2020 and established a two-quarter grace period for qualifying community banking organizations. The final rule provided for a transition from the temporary 8% CBLR requirement to a 9% requirement by establishing a minimum CBLR of 8.5% 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. 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 and Banks’ regulatory capital as of June 30, 2022, is presented in the following table. Actual For Capital Adequacy (Dollars in thousands) Amount Ratio Amount Ratio Community Bank Leverage Ratio: June 30, 2022 Kentucky First Federal Bancorp $ 51,078 15.2 % $ 30,232 9.0 % First Federal Savings and Loan Association of Hazard $ 18,430 22.0 % $ 7,525 9.0 % First Federal Savings Bank of Kentucky $ 30,093 12.0 % $ 22,584 9.0 % June 30, 2021 Kentucky First Federal Bancorp $ 51,349 15.4 % $ 28,347 8.5 % First Federal Savings and Loan Association of Hazard $ 18,376 20.9 % $ 7,460 8.5 % First Federal Savings Bank of Kentucky $ 30,276 12.3 % $ 21,048 8.5 % As of June 30, 2022 and 2021, 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, 2022 and 2021, 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, 2022
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, 2022 and 2021, and the results of its operations and its cash flows for the fiscal years ended June 30, 2022 and 2021. 2022 2021 ASSETS Interest-bearing deposits in First Federal of Hazard $ 1,185 $ 933 Interest-bearing deposits in First Federal of Kentucky 703 1,070 Other interest-bearing deposits 9 9 Cash and cash equivalents 1,897 2,012 Investment in First Federal of Hazard 18,433 18,407 Investment in Frankfort First 31,139 31,646 Prepaid expenses and other assets 602 458 Total assets $ 52,071 $ 52,523 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 46 $ 227 46 227 Shareholders’ equity 52,025 52,296 Total liabilities and shareholders’ equity $ 52,071 $ 52,523 2022 2021 Income Interest income $ 14 $ 27 Non-interest income - 15 Dividends from First Federal of Hazard 846 590 Equity in undistributed (excess distributed) earnings of First Federal of Hazard 32 101 Dividends from Frankfort First 1,480 826 Equity in undistributed (excess distributed) earnings of Frankfort First (475 ) 434 Total income 1,897 1,993 Non-interest expenses 384 330 Earnings before income taxes 1,513 1,663 Income tax benefit (77 ) (157 ) Net income 1,590 1,820 Other comprehensive (loss) income, net of tax-related effects: Unrealized holding losses on securities designated as available-for-sale during the year, net of tax benefits of $0 and $(1) in 2022 and 2021, respectively - (2 ) $ 1,590 $ 1,818 2022 2021 Cash flows from operating activities: Net earnings for the year $ 1,590 $ 1,820 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings from consolidated subsidiaries 443 (535 ) Noncash compensation expense 73 122 Gain on sale of automobile - 15 Depreciation - 11 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets (106 ) 449 Other liabilities (181 ) 201 Net cash provided by operating activities 1,819 2,084 Cash flows from financing activities: Treasury stock purchases (540 ) (167 ) Dividends paid on common stock (1,394 ) (1,388 ) Net cash used in financing activities (1,934 ) (1,555 ) Net increase (decrease) in cash and cash equivalents (115 ) 529 Cash and cash equivalents at beginning of year 2,012 1,483 Cash and cash equivalents at end of year $ 1,897 $ 2,012

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Principles of Consolidation	1. Principles of Consolidation
Use of Estimates	2. Use of Estimates
Debt Securities	3. Debt 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, Mortgage Servicing Rights, and Lender Risk Account	5. Loans held for sale, Mortgage Servicing Rights, and Lender Risk Account In selling loans, the Company utilizes a program with the Federal Home Loan Bank of Cincinnati, (“FHLB”), 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 $28,000 during the years ended June 30, 2022 and 2021, respectively. The carrying value of the Company’s mortgage servicing rights, which approximated fair value, totaled approximately $186,000 and $147,000 at June 30, 2022 and 2021, respectively. The Company was servicing mortgage loans of approximately $23.2 million and $18.3 million that had been sold to the Federal Home Loan Bank at June 30, 2022 and 2021, 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 $42,000 and $14,000 for the fiscal years ended June 30, 2022 and 2021, respectively. Late fees and ancillary fees related to loan servicing are not material. Certain loan sale transactions with FHLB provide for the establishment of a Lender Reserve Account (“LRA”). The LRA consists of amounts withheld by FHLB from loan sale proceeds for absorbing inherent losses that are probable on those sold loans. These withheld funds are an asset to the Company, as they are scheduled to be paid to the Company in future years, net of any credit losses on those loans sold. The receivables are initially measured at fair value. The fair value is estimated by discounting the cash flows over the life of each master commitment contract. The accretable yield is amortized over the life of the master commitment contract. Expected cash flows are reevaluated at each measurement date. If there is an adverse change in expected cash flows, the accretable yield would be adjusted on a prospective basis and the asset evaluated for impairment.
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	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. Both of the Banks became subject to state income tax in the Commonwealth on 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 are subject to the corporation income tax and limited liability entity tax (“LLET”) instead of the savings and loan tax. With few exceptions, the Company is no longer subject to U.S. federal, state and local tax examinations by tax authorities for years before 2018.
Retirement and Employee Benefit Plans	11. Retirement and Employee Benefit Plans The Company also maintained a nonqualified deferred compensation plan for the benefit of certain directors, which was closed to any future deferrals. The expense incurred for the deferred compensation was $4,000 and $0 for the fiscal years ended June 30, 2022 and 2021, respectively. The plan terminated in fiscal year 2022 with the payment of all amounts due. As such, the liabilities totaled $0 and $51,000 at June 30, 2022 and 2021, 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 $14,000 and $277,000 at June 30, 2022 and 2021, respectively. The Company recorded expense for the ESOP of approximately $73,000 and $122,000 for the years ended June 30, 2022 and 2021, respectively. Shares may be surrendered from the plan as employees leave employment. Total shares surrendered from the plan totaled 218,894 and 217,706 at June 30, 2022 and 2021, respectively. The amounts contributed to the ESOP were $280,000 for each of the years 2022 and 2021. For the fiscal year ended June 30, 2022 2021 Allocated shares 117,065 99,668 Shares committed to be released 463 9,338 Unearned shares 461 10,261 Total ESOP shares 117,989 119,267 Fair value of unearned shares at End of period $ 4,000 $ 76,000 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, 2022 2021 Net income allocated to common shareholders, basic and diluted $ 1,590,000 $ 1,820,000 EARNINGS PER SHARE $ 0.19 $ 0.22 Weighted average common shares outstanding, basic and diluted 8,213,407 8,216,193 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 2022 and 2021.
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, 2022 and 2021. The securities represented are only those classified as available-for sale. Fair Value Measurements Using Quotes Prices Identical Significant Other Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2022 Agency mortgage-backed: residential $ 10,477 $ - $ 10,477 $ - 2021 Agency mortgage-backed: residential $ 33 $ - $ 33 $ - There were no transfers between levels 1 and 2. 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, 2022 and 2021 are as follows: Fair Value Measurements at Carrying June 30, 2022 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 25,823 $ 25,823 $ 25,823 Available-for-sale securities 10,477 $ 10,477 10,477 Held-to-maturity securities 339 323 323 Loans held for sale 152 153 153 Loans receivable - net 274,583 $ 271,994 271,994 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 649 649 649 Financial liabilities Deposits $ 239,857 $ 115,152 $ 124,682 $ 239,834 Federal Home Loan Bank advances 34,066 33,688 33,688 Advances by borrowers for taxes and insurance 766 766 766 Accrued interest payable 12 12 12 Carrying Fair Value Measurements at (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 21,648 $ 21,648 $ 21,648 Time deposits in other financial institutions 247 248 248 Available-for-sale securities 33 $ 33 33 Held-to-maturity securities 462 476 476 Loans held for sale 1,307 1,336 1,336 Loans receivable - net 297,902 $ 306,346 306,346 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 694 694 694 Financial liabilities Deposits $ 226,843 $ 101,951 $ 125,232 $ 227,183 Federal Home Loan Bank advances 56,873 57,314 57,314 Advances by borrowers for taxes and insurance 838 838 838 Accrued interest payable 20 20 20
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) 2022 2021 Outstanding principal, beginning of year $ 1,405 $ 1,047 Changes in composition of related parties - 936 Principal disbursed during the year - - Principal repaid and refinanced during the year (717 ) (578 ) Outstanding principal, end of year $ 688 $ 1,405 Deposits from related parties held by the Company at June 30, 2022 and 2021 totaled $5.3 million and $4.3 million, respectively. In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features.
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 – In March 2022 the Financial Accounting Standards Board (“FASB”) issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, as an update to its post-implementation review activities associated with ASU No. 2016-13. The amendments in this Update eliminate the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables-Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. Specifically, rather than applying the recognition and measurement guidance for TDRs, an entity must apply the loan refinancing and restructuring guidance provided to determine whether a modification results in a new loan or a continuation of an existing loan. This Update also requires disclosure by public business entities of current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments-Credit Losses-Measured at Amortized Cost. Because the Company has not yet adopted amendments in Update 2016-13, the amendments in this Update are effective for the fiscal year beginning July 1, 2023. 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, 2022
Accounting Policies [Abstract]
Schedule of contributed to the ESOP	For the fiscal year ended June 30, 2022 2021 Allocated shares 117,065 99,668 Shares committed to be released 463 9,338 Unearned shares 461 10,261 Total ESOP shares 117,989 119,267 Fair value of unearned shares at End of period $ 4,000 $ 76,000
Schedule of earnings per share	For the fiscal year ended June 30, 2022 2021 Net income allocated to common shareholders, basic and diluted $ 1,590,000 $ 1,820,000 EARNINGS PER SHARE $ 0.19 $ 0.22 Weighted average common shares outstanding, basic and diluted 8,213,407 8,216,193
Schedule of fair value measurements of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements Using Quotes Prices Identical Significant Other Significant (in thousands) Fair Value (Level 1) (Level 2) (Level 3) 2022 Agency mortgage-backed: residential $ 10,477 $ - $ 10,477 $ - 2021 Agency mortgage-backed: residential $ 33 $ - $ 33 $ -
Schedule of financial instruments	Fair Value Measurements at Carrying June 30, 2022 Using (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 25,823 $ 25,823 $ 25,823 Available-for-sale securities 10,477 $ 10,477 10,477 Held-to-maturity securities 339 323 323 Loans held for sale 152 153 153 Loans receivable - net 274,583 $ 271,994 271,994 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 649 649 649 Financial liabilities Deposits $ 239,857 $ 115,152 $ 124,682 $ 239,834 Federal Home Loan Bank advances 34,066 33,688 33,688 Advances by borrowers for taxes and insurance 766 766 766 Accrued interest payable 12 12 12 Carrying Fair Value Measurements at (in thousands) Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 21,648 $ 21,648 $ 21,648 Time deposits in other financial institutions 247 248 248 Available-for-sale securities 33 $ 33 33 Held-to-maturity securities 462 476 476 Loans held for sale 1,307 1,336 1,336 Loans receivable - net 297,902 $ 306,346 306,346 Federal Home Loan Bank stock 6,498 n/a Accrued interest receivable 694 694 694 Financial liabilities Deposits $ 226,843 $ 101,951 $ 125,232 $ 227,183 Federal Home Loan Bank advances 56,873 57,314 57,314 Advances by borrowers for taxes and insurance 838 838 838 Accrued interest payable 20 20 20
Schedule of loans outstanding	(in thousands) 2022 2021 Outstanding principal, beginning of year $ 1,405 $ 1,047 Changes in composition of related parties - 936 Principal disbursed during the year - - Principal repaid and refinanced during the year (717 ) (578 ) Outstanding principal, end of year $ 688 $ 1,405

Securities (Tables)

Securities (Tables)	12 Months Ended
	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of gross unrealized or unrecognized gains and losses	2022 (in thousands) Amortized Gross unrealized Gross unrealized Estimated Available-for-sale Securities Agency mortgage-backed residential $ 10,477 $ - $ - $ 10,477 Held-to-maturity Securities Agency mortgage-backed: residential $ 339 $ 2 $ 18 $ 323 2021 (in thousands) Amortized Gross unrealized gains Gross unrealized losses Estimated Available-for-sale Securities Agency mortgage-backed residential $ 33 $ - $ - $ 33 Held-to-maturity Securities Agency mortgage-backed: residential $ 462 $ 16 $ 2 $ 476

Loans (Tables)

Loans (Tables)	12 Months Ended
	Jun. 30, 2022
Loan [Abstract]
Schedule of loan portfolio	(in thousands) 2022 2021 Residential real estate One- to four-family $ 216,432 $ 224,125 Multi-family 14,252 19,781 Construction 1,363 5,433 Land 1,062 1,308 Farm 1,338 2,234 Nonresidential real estate 31,441 35,492 Commercial and industrial 1,006 2,259 Consumer and other Loans on deposits 891 1,129 Home equity 7,670 7,135 Automobile 117 75 Unsecured 540 553 276,112 299,524 Allowance for loan losses (1,529 ) (1,622 ) $ 274,583 $ 297,902
Schedule of allowance for loan losses and the investment in loans by portfolio	(in thousands) Loans Loans Ending Ending Loans individually evaluated for impairment: Residential real estate One- to four-family $ 3,221 $ 400 $ 3,621 $ - Multi-family 570 - 570 - Farm 270 - 270 - Nonresidential real estate 1,073 - 1,073 - Consumer and other Home equity 87 - 87 - Unsecured 5 - 5 - 5,226 400 5,626 - Loans collectivelly evaluated for impairment: Residential real estate One- to four-family $ 212,811 $ 800 Multi-family 13,682 231 Construction 1,363 4 Land 1,062 3 Farm 1,068 5 Nonresidential real estate 30,368 461 Commercial and industrial 1,006 2 Consumer and other Loans on deposits 891 1 Home equity 7,583 21 Automobile 117 - Unsecured 535 1 270,486 1,529 $ 276,112 $ 1,529 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. (in thousands) Loans Loans Ending Ending Loans individually evaluated for impairment: Residential real estate One- to four-family $ 3,738 $ 595 $ 4,333 $ - Multi-family 646 - 646 - Farm 274 - 274 - Nonresidential real estate 1,367 - 1,367 - Consumer and other - - Unsecured 16 - 16 - 6,041 595 6,636 - Loans collectivelly evaluated for impairment: Residential real estate One- to four-family $ 219,792 $ 794 Multi-family 19,135 291 Construction 5,433 12 Land 1,308 3 Farm 1,960 5 Nonresidential real estate 34,125 494 Commercial and industrial 2,259 5 Consumer and other Loans on deposits 1,129 2 Home equity 7,135 15 Automobile 75 - Unsecured 537 1 292,888 1,622 $ 299,524 $ 1,622 * These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition.
Scheduled of purchased loans	(in thousands) Unpaid Allowance Average Interest Cash Basis June 30, 2022: With no related allowance recorded: Residential real estate One- to four-family $ 3,621 $ - $ 3,970 $ 145 $ 145 Multi-family 570 - 608 19 19 Farm 270 - 272 16 16 Nonresidential real estate 1,073 - 1,220 59 59 Consumer and other Home equity 87 - 52 1 1 Unsecured 5 - 11 - - $ 5,626 $ - $ 6,133 $ 240 $ 240 June 30, 2021: With no related allowance recorded: Residential real estate One- to four-family $ 4,333 $ - $ 4,534 $ 107 $ 107 Multi-family 646 - 659 24 24 Construction 32 - - Farm 274 - 292 35 35 Nonresidential real estate 1,367 - 1,014 60 60 Consumer and other - - - Unsecured 16 - 8 1 1 $ 6,636 $ - $ 6,539 $ 227 $ 227
Schedule of investment in nonaccrual and loans past due	June 30, 2022 June 30, 2021 (in thousands) Nonaccrual Loans Nonaccrual Loans Residential real estate One- to four-family $ 3,528 $ 287 $ 4,104 $ 243 Multi-family 570 - 646 - Farm 270 - 274 - Nonresidential real estate 1,073 - 1,367 - Commercial and industrial - 1 - - Consumer and other Home equity 87 - - - Unsecured 3 - 21 - $ 5,531 $ 288 $ 6,412 $ 243
Schedule of principal balance outstanding in past due loans	(in thousands) 30-89 Days Greater than Total Loans Total Residential real estate One- to four-family $ 2,662 $ 1,326 $ 3,988 $ 212,444 $ 216,432 Multi-family - - - 14,252 14,252 Construction 5 - 5 1,358 1,363 Land - - - 1,062 1,062 Farm - - - 1,338 1,338 Nonresidential real estate - - - 31,441 31,441 Commercial and industrial 72 1 73 933 1,006 Consumer and other Loans on deposits - - - 891 891 Home equity 188 71 259 7,411 7,670 Automobile - - - 117 117 Unsecured - - - 540 540 $ 2,927 $ 1,398 $ 4,325 $ 271,787 $ 276,112 (in thousands) 30-89 Days Greater than Total Loans Total Residential real estate One- to four-family $ 2,392 $ 1,338 $ 3,730 $ 220,395 $ 224,125 Multi-family - - - 19,781 19,781 Construction 80 - 80 5,353 5,433 Land - - - 1,308 1,308 Farm 101 - 101 2,133 2,234 Nonresidential real estate - 241 241 35,251 35,492 Commercial and industrial 6 - 6 2,253 2,259 Consumer and other Loans on deposits - - - 1,129 1,129 Home equity 116 - 116 7,019 7,135 Automobile - - - 75 75 Unsecured 4 - 4 549 553 $ 2,699 $ 1,579 $ 4,278 $ 295,246 $ 299,524
Schedule of analysis performed, the risk category of loans by class of loans	(in thousands) Pass Special Mention Substandard Doubtful Residential real estate One- to four-family $ 210,830 $ 194 $ 5,408 $ - Multi-family 13,682 - 570 - Construction 1,363 - - - Land 1,062 - - - Farm 1,068 - 270 - Nonresidential real estate 29,666 702 1,073 - Commercial and industrial 1,006 - - - Consumer and other Loans on deposits 891 - - - Home equity 7,548 - 122 - Automobile 117 - - - Unsecured 535 - 5 - $ 267,768 $ 896 $ 7,448 $ - (in thousands) Pass Special Mention Substandard Doubtful Residential real estate One- to four-family $ 217,485 $ 596 $ 6,044 $ - Multi-family 19,135 - 646 - Construction 5,433 - - - Land 1,308 - - - Farm 1,960 - 274 - Nonresidential real estate 32,748 924 1,820 - Commercial and industrial 2,259 - - - Consumer and other Loans on deposits 1,129 - - - Home equity 7,044 39 52 - Automobile 75 - - - Unsecured 546 - 7 - $ 289,122 $ 1,559 $ 8,843 $ -
Schedule of allowance for loan losses by portfolio segment	(in thousands) Beginning balance Provision (credit) for loan losses Loans charged off Recoveries Ending balance Residential real estate One- to four-family $ 794 $ 37 $ (31 ) $ - $ 800 Multi-family 291 (60 ) - - 231 Construction 12 (8 ) - - 4 Land 3 - - - 3 Farm 5 - - - 5 Nonresidential real estate 494 (33 ) - - 461 Commercial and industrial 5 (3 ) - - 2 Consumer and other Loans on deposits 2 (1 ) - - 1 Home equity 15 6 - - 21 Automobile - - - - - Unsecured 1 2 (4 ) 2 1 $ 1,622 $ (60 ) $ (35 ) $ 2 $ 1,529 (in thousands) Beginning balance Provision (credit) for loan losses Loans charged off Recoveries Ending balance Residential real estate One- to four-family $ 671 $ 146 $ (23 ) $ - $ 794 Multi-family 184 107 - - 291 Construction 6 6 - - 12 Land 1 2 - - 3 Farm 4 1 - - 5 Nonresidential real estate 405 89 - - 494 Commercial and industrial 3 2 - - 5 Consumer and other Loans on deposits 2 - - - 2 Home equity 11 42 (45 ) 7 15 Automobile - - - - - Unsecured 1 (3 ) - 3 1 Unallocated 200 (200 ) - - - $ 1,488 $ 192 $ (68 ) $ 10 $ 1,622
Scheduled of purchased loans	(in thousands) 2022 2021 Residential real estate One- to four-family $ 400 $ 595
Schedule of accretable yield, or income expected to be collected	(in thousands) 2022 2021 Balance at beginning of year $ 390 $ 447 Accretion of income (51 ) (57 ) Balance at end of year $ 339 $ 390

Real Estate Owned (Tables)

Real Estate Owned (Tables)	12 Months Ended
	Jun. 30, 2022
Real Estate Owned [Abstract]
Schedule of activity in real estate owned	(in thousands) 2022 2021 Balance at beginning of year $ 82 $ 640 Loans transferred to real estate owned 45 358 Capitalized expenditures - 1 Valuation adjustments - (19 ) Disposals (117 ) (898 ) Balance at end of year $ 10 $ 82

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of premises and equipment	(in thousands) 2022 2021 Land $ 1,516 $ 1,516 Buildings and improvements 6,654 6,536 Furniture & equipment 2,206 2,172 10,376 10,224 Less: accumulated depreciation 5,813 5,527 Balance at end of year $ 4,563 $ 4,697

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Jun. 30, 2022
Statistical Disclosure for Banks [Abstract]
Schedule of deposits consist of the following major classifications	(in thousands) 2022 2021 Non-interest bearing checking accounts $ 15,726 $ 13,090 Checking accounts 23,902 21,352 Savings Accounts 62,649 56,576 Money market demand deposits 12,875 10,933 Total demand, transaction and passbook deposits 115,152 101,951 Certificates of deposit 124,705 124,892 Total deposits $ 239,857 $ 226,843
Schedule of maturities of outstanding certificates of deposit	(in thousands) 2022 2023 $ 85,324 2024 28,320 2025 8,024 2026 1,701 2027 and thereafter 1,336 $ 124,705

Advances from the Federal Hom_2

Advances from the Federal Home Loan Bank (Tables)	12 Months Ended
	Jun. 30, 2022
Federal Home Loan Banks [Abstract]
Schedule of advances from the federal home loan bank	(in thousands) 2022 2023 $ 26,680 2024 3,659 2025 3,643 2026 31 2027 22 2028 16 2029 11 2030-2033 4 $ 34,066

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate	(in thousands) 2022 2021 Income taxes at the statutory rate of 21% $ 434 $ 456 Increase (decrease) resulting from: Cash surrender value of life insurance (16 ) (19 ) State income taxes, net of federal benefit 130 (83 ) Other (71 ) (2 ) $ 477 $ 352
Schedule of composition of the company’s net deferred tax liability	(in thousands) 2022 2021 Taxes (payable) refundable on temporary differences at estimated corporate tax rate: Deferred tax assets: General loan loss allowance $ 381 $ 405 Accrued expenses 72 102 Fair value accounting adjustments at acquisition 107 199 Nonaccrued interest on loans 107 109 Other real estate owned adjustments - 3 Depreciation 73 42 State net operating loss carryforward 121 227 Total deferred tax assets 861 1,087 Deferred tax liabilities: Federal Home Loan Bank stock dividends (981 ) (981 ) Deferred loan origination costs (36 ) (30 ) Loan servicing rights (46 ) (37 ) Accrual to cash adjustment (152 ) (106 ) Fair value accounting adjustments on acquisition (535 ) (547 ) Total deferred tax liabilities (1,750 ) (1,701 ) Net deferred tax liability $ (889 ) $ (614 )

Loan Commitments (Tables)

Loan Commitments (Tables)	12 Months Ended
	Jun. 30, 2022
Loan Commitments [Abstract]
Schedule of outstanding loan commitments	2022 2021 (in thousands) Fixed Variable Fixed Variable Unused commitment: Revolving, open-end lines secured by real estate $ - $ 11,961 $ - $ 11,835 Commitments to fund real estate construction loans - 1,315 519 4,125 Other unused commitments: Commercial and industrial loans 18 65 1,364 - Other 667 3,966 886 4,207 Letters of credit - - - -

Stockholders' Equity and Regu_2

Stockholders' Equity and Regulatory Capital (Tables)	12 Months Ended
	Jun. 30, 2022
Stockholders’ Equity and Regulatory Capital [Abstract]
Schedule of banks’ regulatory capital	Actual For Capital Adequacy (Dollars in thousands) Amount Ratio Amount Ratio Community Bank Leverage Ratio: June 30, 2022 Kentucky First Federal Bancorp $ 51,078 15.2 % $ 30,232 9.0 % First Federal Savings and Loan Association of Hazard $ 18,430 22.0 % $ 7,525 9.0 % First Federal Savings Bank of Kentucky $ 30,093 12.0 % $ 22,584 9.0 % June 30, 2021 Kentucky First Federal Bancorp $ 51,349 15.4 % $ 28,347 8.5 % First Federal Savings and Loan Association of Hazard $ 18,376 20.9 % $ 7,460 8.5 % First Federal Savings Bank of Kentucky $ 30,276 12.3 % $ 21,048 8.5 %

Condensed Financial Statement_2

Condensed Financial Statements of Kentucky First Federal Bancorp (Tables)	12 Months Ended
	Jun. 30, 2022
Condensed Financial Information Disclosure [Abstract]
Schedule of balance sheets	2022 2021 ASSETS Interest-bearing deposits in First Federal of Hazard $ 1,185 $ 933 Interest-bearing deposits in First Federal of Kentucky 703 1,070 Other interest-bearing deposits 9 9 Cash and cash equivalents 1,897 2,012 Investment in First Federal of Hazard 18,433 18,407 Investment in Frankfort First 31,139 31,646 Prepaid expenses and other assets 602 458 Total assets $ 52,071 $ 52,523 LIABILITIES AND SHAREHOLDERS’ EQUITY Accounts payable and other liabilities $ 46 $ 227 46 227 Shareholders’ equity 52,025 52,296 Total liabilities and shareholders’ equity $ 52,071 $ 52,523
Schedule of statements of income	2022 2021 Income Interest income $ 14 $ 27 Non-interest income - 15 Dividends from First Federal of Hazard 846 590 Equity in undistributed (excess distributed) earnings of First Federal of Hazard 32 101 Dividends from Frankfort First 1,480 826 Equity in undistributed (excess distributed) earnings of Frankfort First (475 ) 434 Total income 1,897 1,993 Non-interest expenses 384 330 Earnings before income taxes 1,513 1,663 Income tax benefit (77 ) (157 ) Net income 1,590 1,820 Other comprehensive (loss) income, net of tax-related effects: Unrealized holding losses on securities designated as available-for-sale during the year, net of tax benefits of $0 and $(1) in 2022 and 2021, respectively - (2 ) $ 1,590 $ 1,818
Schedule of statements of cash flows	2022 2021 Cash flows from operating activities: Net earnings for the year $ 1,590 $ 1,820 Adjustments to reconcile net earnings to net cash provided by operating activities: Excess (deficit) distributions over earnings (undistributed earnings from consolidated subsidiaries 443 (535 ) Noncash compensation expense 73 122 Gain on sale of automobile - 15 Depreciation - 11 Increase (decrease) in cash due to changes in: Prepaid expenses and other assets (106 ) 449 Other liabilities (181 ) 201 Net cash provided by operating activities 1,819 2,084 Cash flows from financing activities: Treasury stock purchases (540 ) (167 ) Dividends paid on common stock (1,394 ) (1,388 ) Net cash used in financing activities (1,934 ) (1,555 ) Net increase (decrease) in cash and cash equivalents (115 ) 529 Cash and cash equivalents at beginning of year 2,012 1,483 Cash and cash equivalents at end of year $ 1,897 $ 2,012

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jul. 01, 2021	Mar. 31, 2005
Summary of Significant Accounting Policies (Details) [Line Items]
Loan held for sale	$ 152,000	$ 1,300,000
Amortization of mortgage servicing rights	20,000	28,000
Servicing mortgage loans	23,200,000	18,300,000
Servicing fees	$ 42,000	14,000
Terms of mortgage loans	30 years
Private mortgage insurance, percentage	95%
Other programs offered bank, percentage	90%
Appraised value, percentage	80%
Term loan	25 years
Nonresidential loan, percentage	80%
Equity loans percentage	90%
Loans secured	90%
Fixed assets held for sale	$ 161,000	161,000
Property was sold	$ 180,000
Tax benefit, percentage	50%
Total contribution		248,600,000	$ 253,200,000
Company expense	$ 375,000	955,000
Funding target percentage				99.14%
Deferred compensation	4,000	0
Total liabilities	0	51,000
Repayment of loan	14,000	277,000
Employee stock ownership plan expense	$ 73,000	$ 122,000
Total shares surrendered plan (in Shares)	218,894	217,706
Amount of contributed	$ 280,000	$ 2,021
Goodwill amount					$ 14,500,000
Carrying value of goodwill	947,000	947,000
Deposits from related parties	$ 5,300,000	4,300,000
Loans One to Four Family [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Rental properties, percentage	80%
Mortgage Servicing Rights [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Fair value	$ 186,000	$ 147,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of contributed to the ESOP - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Contributed To The Esop Abstract
Allocated shares	117,065	99,668
Shares committed to be released	463	9,338
Unearned shares	461	10,261
Total ESOP shares	117,989	119,267
Fair value of unearned shares at End of period (in Dollars)	$ 4,000	$ 76,000

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, 2022	Jun. 30, 2021
Schedule Of Earnings Per Share Abstract
Net income allocated to common shareholders, basic and diluted	$ 1,590,000	$ 1,820,000
EARNINGS PER SHARE	$ 0.19	$ 0.22
Weighted average common shares outstanding, basic and diluted	8,213,407	8,216,193

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of earnings per share (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Earnings Per Share Abstract
Net income (loss) allocated to common shareholders, basic and diluted	$ 1,590,000	$ 1,820,000
Weighted average common shares outstanding, basic and diluted	8,213,407	8,216,193

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of fair value measurements of assets and liabilities measured at fair value on a recurring basis - Agency mortgage-backed: residential [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Fair Value	$ 10,477	$ 33
Quotes Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value
Significant Other Observable Inputs (Level 2) [Member]
Fair Value	10,477	33
Significant Unobservable Inputs (Level 3) [Member]
Fair Value

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of financial instruments - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Financial assets
Cash and cash equivalents	$ 25,823	$ 21,648
Time deposits in other financial institutions		248
Available-for-sale securities	10,477	33
Held-to-maturity securities	323	476
Loans held for sale	153	1,336
Loans receivable - net	271,994	306,346
Federal Home Loan Bank stock
Accrued interest receivable	649	694
Financial liabilities
Deposits	239,834	227,183
Federal Home Loan Bank advances	33,688	57,314
Advances by borrowers for taxes and insurance	766	838
Accrued interest payable	12	20
Level 1 [Member]
Financial assets
Cash and cash equivalents	25,823	21,648
Time deposits in other financial institutions		248
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	115,152	101,951
Federal Home Loan Bank advances
Advances by borrowers for taxes and insurance
Accrued interest payable
Level 2 [Member]
Financial assets
Cash and cash equivalents
Time deposits in other financial institutions
Available-for-sale securities	10,477	33
Held-to-maturity securities	323	476
Loans held for sale	153	1,336
Loans receivable - net
Federal Home Loan Bank stock
Accrued interest receivable	649	694
Financial liabilities
Deposits	124,682	125,232
Federal Home Loan Bank advances	33,688	57,314
Advances by borrowers for taxes and insurance	766	838
Accrued interest payable	12	20
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	271,994	306,346
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
Carrying value [Member]
Financial assets
Cash and cash equivalents	25,823	21,648
Time deposits in other financial institutions		247
Available-for-sale securities	10,477	33
Held-to-maturity securities	339	462
Loans held for sale	152	1,307
Loans receivable - net	274,583	297,902
Federal Home Loan Bank stock	6,498	6,498
Accrued interest receivable	649	694
Financial liabilities
Deposits	239,857	226,843
Federal Home Loan Bank advances	34,066	56,873
Advances by borrowers for taxes and insurance	766	838
Accrued interest payable	$ 12	$ 20

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details) - Schedule of loans outstanding - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Loans Outstanding Abstract
Outstanding principal, beginning of year	$ 1,405	$ 1,047
Changes in composition of related parties		936
Principal disbursed during the year
Principal repaid and refinanced during the year	(717)	(578)
Outstanding principal, end of year	$ 688	$ 1,405

Securities (Details)

Securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Securities (Details) [Line Items]
Held-to-maturity mortgage-backed securities	$ 242,000	$ 258,000
Gross unrealized losses	18,000	2,000
Pledged securities	1,700,000	1,800,000
Time deposits	1,500,000	$ 1,500,000
Minimum [Member]
Securities (Details) [Line Items]
Unrealized loss position	3,000
Maximum [Member]
Securities (Details) [Line Items]
Unrealized loss position	$ 15,000

Securities (Details) - Schedule

Securities (Details) - Schedule of gross unrealized or unrecognized gains and losses - Agency mortgage-backed: residential [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Available-for-sale Securities
Available-for-sale Securities, Amortized cost	$ 10,477	$ 33
Available-for-sale Securities, Gross unrealized/ gains
Available-for-sale Securities, Gross unrealized/ losses
Available-for-sale Securities, Estimated fair value	10,477	33
Held-to-maturity Securities
Held-to-maturity Securities, Amortized cost	339	462
Held-to-maturity Securities, Gross unrealized/ gains	2	16
Held-to-maturity Securities, Gross unrealized/ losses	18	2
Held-to-maturity Securities, Estimated fair value	$ 323	$ 476

Loans (Details)

Loans (Details) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Jun. 30, 2022	Jun. 30, 2021
Loans (Details) [Line Items]
Net deferred loan fees		$ 290,000	$ 167,000
Loans acquired credit quality		$ 400,000	$ 595,000
Investment nonaccrual loans past due term days		90 days	90 days
Nonaccrual loan total		$ 5,531,000	$ 6,412,000
Loans borrowing, description			the year ended June 30, 2021, the Company had two loans, which were associated with a single borrower and were both secured by a single-family residence, restructured as TDRs. The loans were classified as TDRs pursuant to court action under Chapter 7 bankruptcy proceedings without the borrower reaffirming the debt personally. Those two loans were current and totaled $142,000 at June 30, 2021.
COVID-19 pandemic description	In December 2020, Congress amended the CARES Act through the Consolidated Appropriation Act of 2021, which provided additional COVID-19 relief to American families and businesses, including extending TDR relief under the CARES Act until the earlier of December 31, 2021 or 60 days following the termination of the 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 $815,000 in loans were accepted into the plan for the twelve months ended June 30, 2021. At June 30, 2021 all of those loans had reached the end of their three-month deferral date period and returned to regular payment status.
Loan amount past due description		At June 30, 2022, the table below includes $161,000 in loans 30-89 days past due and approximately $15,000 of loans past due over 90 days that were acquired with deteriorated credit quality, while at June 30, 2021, the table below includes $96,000 in loans 30-89 days past due and approximately $25,000 of loans past due over 90 days of such loans.
Purchase credit discount		$ 88,000	$ 88,000
One- to four-family [Member]
Loans (Details) [Line Items]
loans in process of foreclosure total		$ 489,000	$ 577,000
Loans Past Due Over 90 Days [Member]
Loans (Details) [Line Items]
Investment nonaccrual loans past due term days		90 days	90 days
Nonaccrual loan total		$ 301,000	$ 365,000
Troubled Debt Restructuring [Member]
Loans (Details) [Line Items]
Nonaccrual loan total		1,400,000	1,700,000
Loan amount		$ 1,400,000	$ 1,700,000
Troubled debt borrowing description		Of the TDRs at June 30, 2022, approximately 24.7% were related to the borrower’s completion of Chapter 7 bankruptcy proceedings with no reaffirmation of the debt to the Banks.

Loans (Details) - Schedule of l

Loans (Details) - Schedule of loan portfolio - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Residential real estate
One- to four-family	$ 216,432	$ 224,125
Multi-family	14,252	19,781
Construction	1,363	5,433
Land	1,062	1,308
Farm	1,338	2,234
Nonresidential real estate	31,441	35,492
Commercial and industrial	1,006	2,259
Consumer and other
Loans on deposits	891	1,129
Home equity	7,670	7,135
Automobile	117	75
Unsecured	540	553
Loans receivable, gross	276,112	299,524
Allowance for loan losses	(1,529)	(1,622)
Loans receivable - net	$ 274,583	$ 297,902

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, 2022	Jun. 30, 2021
Total [Member]
Residential real estate
Ending loans balance		$ 276,112
Ending allowance attributed to loans		1,529
Loans individually evaluated for impairment [Member] | One- to four-family [Member]
Residential real estate
Loans individually evaluated		3,221	$ 3,738	[1]
Loans acquired with deteriorated credit quality	[1]	400	595
Ending loans balance		3,621	4,333
Ending allowance attributed to loans	[1]
Loans individually evaluated for impairment [Member] | Multi-family [Member]
Residential real estate
Loans individually evaluated		570	646
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		570	646
Ending allowance attributed to loans	[1]
Loans individually evaluated for impairment [Member] | Farm [Member]
Residential real estate
Loans individually evaluated		270	274
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		270	274
Ending allowance attributed to loans	[1]
Loans individually evaluated for impairment [Member] | Nonresidential real estate [Member]
Residential real estate
Loans individually evaluated		1,073	1,367
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		1,073	1,367
Ending allowance attributed to loans	[1]
Loans individually evaluated for impairment [Member] | Unsecured [Member]
Residential real estate
Loans individually evaluated		5	16
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		5	16
Ending allowance attributed to loans	[1]
Loans individually evaluated for impairment [Member] | Total [Member]
Residential real estate
Loans individually evaluated			6,041
Loans acquired with deteriorated credit quality	[1]		595
Ending loans balance			6,636
Ending allowance attributed to loans
Nonresidential real estate [Member] | Home equity [Member]
Residential real estate
Loans individually evaluated		87
Loans acquired with deteriorated credit quality	[1]
Ending loans balance		87
Nonresidential real estate [Member] | Total [Member]
Residential real estate
Loans individually evaluated		5,226
Loans acquired with deteriorated credit quality	[1]	400
Ending loans balance		5,626
Ending allowance attributed to loans
Loans collectivelly evaluated for impairment [Member] | One- to four-family [Member]
Residential real estate
Ending loans balance		212,811	219,792
Ending allowance attributed to loans		800	794
Loans collectivelly evaluated for impairment [Member] | Multi-family [Member]
Residential real estate
Ending loans balance		13,682	19,135
Ending allowance attributed to loans		231	291
Loans collectivelly evaluated for impairment [Member] | Farm [Member]
Residential real estate
Ending loans balance		1,068	1,960
Ending allowance attributed to loans		5	5
Loans collectivelly evaluated for impairment [Member] | Nonresidential real estate [Member]
Residential real estate
Ending loans balance		30,368	34,125
Ending allowance attributed to loans		461	494
Loans collectivelly evaluated for impairment [Member] | Home equity [Member]
Residential real estate
Ending loans balance		7,583	7,135
Ending allowance attributed to loans		21	15
Loans collectivelly evaluated for impairment [Member] | Unsecured [Member]
Residential real estate
Ending loans balance		535	537
Ending allowance attributed to loans		1	1
Loans collectivelly evaluated for impairment [Member] | Construction [Member]
Residential real estate
Ending loans balance		1,363	5,433
Ending allowance attributed to loans		4	12
Loans collectivelly evaluated for impairment [Member] | Land [Member]
Residential real estate
Ending loans balance		1,062	1,308
Ending allowance attributed to loans		3	3
Loans collectivelly evaluated for impairment [Member] | Commercial and industrial [Member]
Residential real estate
Ending loans balance		1,006	2,259
Ending allowance attributed to loans		2	5
Loans collectivelly evaluated for impairment [Member] | Loans on deposits [Member]
Residential real estate
Ending loans balance		891	1,129
Ending allowance attributed to loans		1	2
Loans collectivelly evaluated for impairment [Member] | Automobile [Member]
Residential real estate
Ending loans balance		117	75
Ending allowance attributed to loans
Loans collectivelly evaluated for impairment [Member] | Consumer and other [Member]
Residential real estate
Ending loans balance		270,486	292,888
Ending allowance attributed to loans		$ 1,529	1,622
Total [Member]
Residential real estate
Ending loans balance			299,524
Ending allowance attributed to loans			$ 1,622
[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, 2022	Jun. 30, 2021
Residential real estate
Unpaid Principal Balance and Recorded Investment	$ 5,626	$ 6,636
Allowance for Loan Losses Allocated
Average Recorded Investment	6,133	6,539
Interest Income Recognized	240	227
Cash Basis Income Recognized	240	227
One- to four-family [Member]
Residential real estate
Unpaid Principal Balance and Recorded Investment	3,621	4,333
Allowance for Loan Losses Allocated
Average Recorded Investment	3,970	4,534
Interest Income Recognized	145	107
Cash Basis Income Recognized	145	107
Multi-family [Member]
Residential real estate
Unpaid Principal Balance and Recorded Investment	570	646
Allowance for Loan Losses Allocated
Average Recorded Investment	608	659
Interest Income Recognized	19	24
Cash Basis Income Recognized	19	24
Farm [Member]
Residential real estate
Unpaid Principal Balance and Recorded Investment	270	274
Allowance for Loan Losses Allocated
Average Recorded Investment	272	292
Interest Income Recognized	16	35
Cash Basis Income Recognized	16	35
Nonresidential real estate [Member]
Residential real estate
Unpaid Principal Balance and Recorded Investment	1,073	1,367
Allowance for Loan Losses Allocated
Average Recorded Investment	1,220	1,014
Interest Income Recognized	59	60
Cash Basis Income Recognized	59	60
Home equity [Member]
Residential real estate
Unpaid Principal Balance and Recorded Investment	87
Average Recorded Investment	52
Interest Income Recognized	1
Cash Basis Income Recognized	1
Unsecured [Member]
Residential real estate
Unpaid Principal Balance and Recorded Investment	5	16
Allowance for Loan Losses Allocated
Average Recorded Investment	$ 11	8
Interest Income Recognized		1
Cash Basis Income Recognized		1
Construction [Member]
Residential real estate
Average Recorded Investment		32
Interest Income Recognized
Cash Basis Income Recognized

Loans (Details) - Schedule of_2

Loans (Details) - Schedule of investment in nonaccrual and loans past due - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Residential real estate
Nonaccrual	$ 5,531	$ 6,412
Loans Past Due Over 90 Days Still Accruing	288	243
One- to four-family [Member]
Residential real estate
Nonaccrual	3,528	4,104
Loans Past Due Over 90 Days Still Accruing	287	243
Multi-family [Member]
Residential real estate
Nonaccrual	570	646
Loans Past Due Over 90 Days Still Accruing
Farm [Member]
Residential real estate
Nonaccrual	270	274
Loans Past Due Over 90 Days Still Accruing
Nonresidential real estate [Member]
Residential real estate
Nonaccrual	1,073	1,367
Loans Past Due Over 90 Days Still Accruing
Commercial and industrial [Member]
Residential real estate
Nonaccrual
Loans Past Due Over 90 Days Still Accruing	1
Home equity [Member]
Residential real estate
Nonaccrual	87
Loans Past Due Over 90 Days Still Accruing
Unsecured [Member]
Residential real estate
Nonaccrual	3	21
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, 2022	Jun. 30, 2021
Residential real estate
Total Past Due	$ 4,325	$ 4,278
Loans Not Past Due	271,787	295,246
Total	276,112	299,524
30-89 Days Past Due [Member]
Residential real estate
Total Past Due	2,927	2,699
Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due	1,398	1,579
One-to four-family [Member]
Residential real estate
Total Past Due	3,988	3,730
Loans Not Past Due	212,444	220,395
Total	216,432	224,125
One-to four-family [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due	2,662	2,392
One-to four-family [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due	1,326	1,338
Multi-family [Member]
Residential real estate
Total Past Due
Loans Not Past Due	14,252	19,781
Total	14,252	19,781
Multi-family [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due
Multi-family [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due
Construction [Member]
Residential real estate
Total Past Due	5	80
Loans Not Past Due	1,358	5,353
Total	1,363	5,433
Construction [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due	5	80
Construction [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due
Land [Member]
Residential real estate
Total Past Due
Loans Not Past Due	1,062	1,308
Total	1,062	1,308
Land [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due
Land [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due
Farm [Member]
Residential real estate
Total Past Due		101
Loans Not Past Due	1,338	2,133
Total	1,338	2,234
Farm [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due		101
Farm [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due
Nonresidential real estate [Member]
Residential real estate
Total Past Due		241
Loans Not Past Due	31,441	35,251
Total	31,441	35,492
Nonresidential real estate [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due
Nonresidential real estate [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due		241
Commercial and industrial [Member]
Residential real estate
Total Past Due	73	6
Loans Not Past Due	933	2,253
Total	1,006	2,259
Commercial and industrial [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due	72	6
Commercial and industrial [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due	1
Loans on deposits [Member]
Residential real estate
Total Past Due
Loans Not Past Due	891	1,129
Total	891	1,129
Loans on deposits [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due
Loans on deposits [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due
Home equity [Member]
Residential real estate
Total Past Due	259	116
Loans Not Past Due	7,411	7,019
Total	7,670	7,135
Home equity [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due	188	116
Home equity [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due	71
Unsecured [Member]
Residential real estate
Total Past Due		4
Loans Not Past Due	540	549
Total	540	553
Unsecured [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due		4
Unsecured [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due
Automobile [Member]
Residential real estate
Total Past Due
Loans Not Past Due	117	75
Total	117	75
Automobile [Member] | 30-89 Days Past Due [Member]
Residential real estate
Total Past Due
Automobile [Member] | Greater than 90 Days Past Due [Member]
Residential real estate
Total Past Due

Loans (Details) - Schedule of_3

Loans (Details) - Schedule of analysis performed, the risk category of loans by class of loans - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Pass [Member]
Residential real estate
Loans receivable, gross	$ 267,768	$ 289,122
Pass [Member] | One- to four-family [Member]
Residential real estate
Loans receivable, gross	210,830	217,485
Pass [Member] | Multi-family [Member]
Residential real estate
Loans receivable, gross	13,682	19,135
Pass [Member] | Construction [Member]
Residential real estate
Loans receivable, gross	1,363	5,433
Pass [Member] | Land [Member]
Residential real estate
Loans receivable, gross	1,062	1,308
Pass [Member] | Nonresidential real estate [Member]
Residential real estate
Loans receivable, gross	29,666	32,748
Pass [Member] | Farm [Member]
Residential real estate
Loans receivable, gross		1,960
Special Mention [Member]
Residential real estate
Loans receivable, gross	896	1,559
Special Mention [Member] | One- to four-family [Member]
Residential real estate
Loans receivable, gross	194	596
Special Mention [Member] | Multi-family [Member]
Residential real estate
Loans receivable, gross
Special Mention [Member] | Construction [Member]
Residential real estate
Loans receivable, gross
Special Mention [Member] | Land [Member]
Residential real estate
Loans receivable, gross
Special Mention [Member] | Nonresidential real estate [Member]
Residential real estate
Loans receivable, gross	702	924
Special Mention [Member] | Farm [Member]
Residential real estate
Loans receivable, gross
Substandard [Member]
Residential real estate
Loans receivable, gross	7,448	8,843
Substandard [Member] | One- to four-family [Member]
Residential real estate
Loans receivable, gross	5,408	6,044
Substandard [Member] | Multi-family [Member]
Residential real estate
Loans receivable, gross	570	646
Substandard [Member] | Construction [Member]
Residential real estate
Loans receivable, gross
Substandard [Member] | Land [Member]
Residential real estate
Loans receivable, gross
Substandard [Member] | Nonresidential real estate [Member]
Residential real estate
Loans receivable, gross	1,073	1,820
Substandard [Member] | Farm [Member]
Residential real estate
Loans receivable, gross		274
Doubtful [Member]
Residential real estate
Loans receivable, gross
Doubtful [Member] | One- to four-family [Member]
Residential real estate
Loans receivable, gross
Doubtful [Member] | Multi-family [Member]
Residential real estate
Loans receivable, gross
Doubtful [Member] | Construction [Member]
Residential real estate
Loans receivable, gross
Doubtful [Member] | Land [Member]
Residential real estate
Loans receivable, gross
Doubtful [Member] | Nonresidential real estate [Member]
Residential real estate
Loans receivable, gross
Doubtful [Member] | Farm [Member]
Residential real estate
Loans receivable, gross
Farm [Member] | Pass [Member]
Residential real estate
Loans receivable, gross	1,068
Farm [Member] | Special Mention [Member]
Residential real estate
Loans receivable, gross
Farm [Member] | Substandard [Member]
Residential real estate
Loans receivable, gross	270
Farm [Member] | Doubtful [Member]
Residential real estate
Loans receivable, gross
Commercial and industrial [Member] | Pass [Member]
Residential real estate
Loans receivable, gross	1,006	2,259
Commercial and industrial [Member] | Special Mention [Member]
Residential real estate
Loans receivable, gross
Commercial and industrial [Member] | Substandard [Member]
Residential real estate
Loans receivable, gross
Commercial and industrial [Member] | Doubtful [Member]
Residential real estate
Loans receivable, gross
Loans on deposits [Member] | Pass [Member]
Residential real estate
Loans receivable, gross	891	1,129
Loans on deposits [Member] | Special Mention [Member]
Residential real estate
Loans receivable, gross
Loans on deposits [Member] | Substandard [Member]
Residential real estate
Loans receivable, gross
Loans on deposits [Member] | Doubtful [Member]
Residential real estate
Loans receivable, gross
Home equity [Member] | Pass [Member]
Residential real estate
Loans receivable, gross	7,548	7,044
Home equity [Member] | Special Mention [Member]
Residential real estate
Loans receivable, gross		39
Home equity [Member] | Substandard [Member]
Residential real estate
Loans receivable, gross	122	52
Home equity [Member] | Doubtful [Member]
Residential real estate
Loans receivable, gross
Automobile [Member] | Pass [Member]
Residential real estate
Loans receivable, gross	117	75
Automobile [Member] | Special Mention [Member]
Residential real estate
Loans receivable, gross
Automobile [Member] | Substandard [Member]
Residential real estate
Loans receivable, gross
Automobile [Member] | Doubtful [Member]
Residential real estate
Loans receivable, gross
Unsecured [Member] | Pass [Member]
Residential real estate
Loans receivable, gross	535	546
Unsecured [Member] | Special Mention [Member]
Residential real estate
Loans receivable, gross
Unsecured [Member] | Substandard [Member]
Residential real estate
Loans receivable, gross	5	7
Unsecured [Member] | Doubtful [Member]
Residential real estate
Loans receivable, gross

Loans (Details) - Schedule of_4

Loans (Details) - Schedule of allowance for loan losses by portfolio segment - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
One- to four-family [Member]
Residential real estate
Beginning balance	$ 794	$ 671
Provision (credit) for loan losses	37	146
Loans charged off	(31)	(23)
Recoveries
Ending balance	800	794
Multi-family [Member]
Residential real estate
Beginning balance	291	184
Provision (credit) for loan losses	(60)	107
Loans charged off
Recoveries
Ending balance	231	291
Construction [Member]
Residential real estate
Beginning balance	12	6
Provision (credit) for loan losses	(8)	6
Loans charged off
Recoveries
Ending balance	4	12
Land [Member]
Residential real estate
Beginning balance	3	1
Provision (credit) for loan losses		2
Loans charged off
Recoveries
Ending balance	3	3
Farm [Member]
Residential real estate
Beginning balance	5	4
Provision (credit) for loan losses		1
Loans charged off
Recoveries
Ending balance	5	5
Nonresidential real estate [Member]
Residential real estate
Beginning balance	494	405
Provision (credit) for loan losses	(33)	89
Loans charged off
Recoveries
Ending balance	461	494
Commercial and industrial [Member]
Residential real estate
Beginning balance	5	3
Provision (credit) for loan losses	(3)	2
Loans charged off
Recoveries
Ending balance	2	5
Loans on deposits [Member]
Residential real estate
Beginning balance	2	2
Provision (credit) for loan losses	(1)
Loans charged off
Recoveries
Ending balance	1	2
Home equity [Member]
Residential real estate
Beginning balance	15	11
Provision (credit) for loan losses	6	42
Loans charged off		(45)
Recoveries		7
Ending balance	21	15
Automobile [Member]
Residential real estate
Beginning balance
Provision (credit) for loan losses
Loans charged off
Recoveries
Ending balance
Unsecured [Member]
Residential real estate
Beginning balance	1	1
Provision (credit) for loan losses	2	(3)
Loans charged off	(4)
Recoveries	2	3
Ending balance	1	1
Total [Member]
Residential real estate
Beginning balance	1,622	1,488
Provision (credit) for loan losses	(60)	192
Loans charged off	(35)	(68)
Recoveries	2	10
Ending balance	$ 1,529	1,622
Unallocated [Member]
Residential real estate
Beginning balance		200
Provision (credit) for loan losses		(200)
Loans charged off
Recoveries

Loans (Details) - Scheduled of

Loans (Details) - Scheduled of purchased loans - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Residential real estate
One- to four-family	$ 400	$ 595

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, 2022	Jun. 30, 2021
Schedule Of Accretable Yield Or Income Expected To Be Collected Abstract
Balance at beginning of year	$ 390	$ 447
Accretion of income	(51)	(57)
Balance at end of year	$ 339	$ 390

Real Estate Owned (Details) - S

Real Estate Owned (Details) - Schedule of activity in real estate owned - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Activity In Real Estate Owned Abstract
Balance at beginning of year	$ 82	$ 640
Loans transferred to real estate owned	45	358
Capitalized expenditures		1
Valuation adjustments		(19)
Disposals	(117)	(898)
Balance at end of year	$ 10	$ 82

Premises and Equipment (Details

Premises and Equipment (Details) - Schedule of premises and equipment - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Premises And Equipment Abstract
Land	$ 1,516	$ 1,516
Buildings and improvements	6,654	6,536
Furniture & equipment	2,206	2,172
Property and Equipment	10,376	10,224
Less: accumulated depreciation	5,813	5,527
Balance at end of year	$ 4,563	$ 4,697

Goodwill (Details)

Goodwill (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2005
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill amount			$ 14,500,000
Goodwill net amount	$ 947,000
Goodwill impairment losses	13,600,000	$ 13,600,000
Goodwill impairment charge	$ 13,600,000

Deposits (Details)

Deposits (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Deposits (Details) [Line Items]
Certificate of deposits	$ 250,000
Deposit totaling		$ 13,100,000
Deposit Account [Member]
Deposits (Details) [Line Items]
Deposit totaling		$ 11,200,000

Deposits (Details) - Schedule o

Deposits (Details) - Schedule of deposits consist of the following major classifications - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Deposits Consist Of The Following Major Classifications Abstract
Non-interest bearing checking accounts	$ 15,726	$ 13,090
Checking accounts	23,902	21,352
Savings Accounts	62,649	56,576
Money market demand deposits	12,875	10,933
Total demand, transaction and passbook deposits	115,152	101,951
Certificates of deposit	124,705	124,892
Total deposits	$ 239,857	$ 226,843

Deposits (Details) - Schedule_2

Deposits (Details) - Schedule of maturities of outstanding certificates of deposit $ in Thousands	Jun. 30, 2022 USD ($)
Schedule Of Maturities Of Outstanding Certificates Of Deposit Abstract
2023	$ 85,324
2024	28,320
2025	8,024
2026	1,701
2027 and thereafter	1,336
Total	$ 124,705

Advances from the Federal Hom_3

Advances from the Federal Home Loan Bank (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Advances from the Federal Home Loan Bank (Details) [Line Items]
Federal home loan bank, advances, additional borrowing capacity	$ 96.6
Home equity loans	5.1
Fed funds line of credit amount	$ 2
Minimum [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Interest rates for advances fixed range	0.20%
Maximum [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Interest rates for advances fixed range	2.30%
Weighted Average [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Weighted-average interest rate	0.96%
Residential Mortgage [Member]
Advances from the Federal Home Loan Bank (Details) [Line Items]
Mortgage loan total amount	$ 167.8	$ 133.7

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, 2022 USD ($)
Schedule Of Advances From The Federal Home Loan Bank Abstract
2023	$ 26,680
2024	3,659
2025	3,643
2026	31
2027	22
2028	16
2029	11
2030-2033	4
Advances from the Federal Home Loan Bank	$ 34,066

Income Taxes (Details)

Income Taxes (Details) $ in Millions	12 Months Ended
	Jun. 30, 2022 USD ($)
Income Tax Disclosure [Abstract]
Loss carryforward, description	The Company has state net operating loss carryforward of $3.1 million, which expires beginning 2031.
Generally limited percentage	8%
Federal income taxes	$ 5.2
Amount of unrecognized deferred tax liability relating to the cumulative bad debt deduction	$ 1.3

Income Taxes (Details) - Schedu

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, 2022	Jun. 30, 2021
Schedule Of Federal Income Taxes On Earnings Differs From That Computed At The Statutory Corporate Tax Rate Abstract
Income taxes at the statutory rate of 21%	$ 434	$ 456
Increase (decrease) resulting from:
Cash surrender value of life insurance	(16)	(19)
State income taxes, net of federal benefit	130	(83)
Other	(71)	(2)
Total income taxes	$ 477	$ 352

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate (Parentheticals)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Federal Income Taxes On Earnings Differs From That Computed At The Statutory Corporate Tax Rate Abstract
Income taxes at the statutory rate	21%	21%

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of composition of the company’s net deferred tax liability - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Deferred tax assets:
General loan loss allowance	$ 381	$ 405
Accrued expenses	72	102
Fair value accounting adjustments at acquisition	107	199
Nonaccrued interest on loans	107	109
Other real estate owned adjustments		3
Depreciation	73	42
State net operating loss carryforward	121	227
Total deferred tax assets	861	1,087
Deferred tax liabilities:
Federal Home Loan Bank stock dividends	(981)	(981)
Deferred loan origination costs	(36)	(30)
Loan servicing rights	(46)	(37)
Accrual to cash adjustment	(152)	(106)
Fair value accounting adjustments on acquisition	(535)	(547)
Total deferred tax liabilities	(1,750)	(1,701)
Net deferred tax liability	$ (889)	$ (614)

Loan Commitments (Details)

Loan Commitments (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022
Loan Commitments (Details) [Line Items]
Fixed rate loan commitments	$ 519,000
Minimum [Member]
Loan Commitments (Details) [Line Items]
Loan commitments interest rates	2.63%
Loan commitments maturities term	1 year
Maximum [Member]
Loan Commitments (Details) [Line Items]
Loan commitments interest rates	3%
Loan commitments maturities term	30 years

Loan Commitments (Details) - Sc

Loan Commitments (Details) - Schedule of outstanding loan commitments - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
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	11,961	11,835
Unused commitment commitments to fund real estate construction loans [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments		519
Unused commitment commitments to fund real estate construction loans [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments	1,315	4,125
Other unused commitment commercial and industrial loans [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments	18	1,364
Other unused commitment commercial and industrial loans [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments	65
Other unused commitment other [Member] | Fixed [Member]
Unused commitment:
Outstanding loan commitments	667	886
Other unused commitment other [Member] | Variable [Member]
Unused commitment:
Outstanding loan commitments	3,966	4,207
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, 2022	Jan. 31, 2015
Stockholders’ Equity and Regulatory Capital [Abstract]
Qualified thrift lender, description	Qualified Thrift Lender – 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%
Description of coronavirus aid relief and economic security	The changes temporarily reduced the minimum ratio from 9% to 8% through the end of 2020 and established a two-quarter grace period for qualifying community banking organizations. The final rule provided for a transition from the temporary 8% CBLR requirement to a 9% requirement by establishing a minimum CBLR of 8.5% 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.
Common equity tier 1 risk-based capital ratio		6.50%
Tier 1 risk-based capital ratio		8%
Total risk-based capital ratio		10%
Tier 1 leverage ratio		5%
Capital conservation buffer		2.50%
First Federal MHC waived dividends (in Dollars)	$ 1.9

Stockholders' Equity and Regu_4

Stockholders' Equity and Regulatory Capital (Details) - Schedule of banks’ regulatory capital - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual Amount		$ 51,349
Actual Ratio		15.40%
Minimum Requirement For Capital Adequacy Purposes Amount		$ 28,347
Minimum Requirement For Capital Adequacy Purposes Ratio		8.50%
Kentucky First Federal Bancorp [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual Amount	$ 51,078
Actual Ratio	15.20%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 30,232
Minimum Requirement For Capital Adequacy Purposes Ratio	9%
First Federal Savings and Loan Association of Hazard [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual Amount	$ 18,430	$ 18,376
Actual Ratio	22%	20.90%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 7,525	$ 7,460
Minimum Requirement For Capital Adequacy Purposes Ratio	9%	8.50%
First Federal Savings Bank of Kentucky [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Actual Amount	$ 30,093	$ 30,276
Actual Ratio	12%	12.30%
Minimum Requirement For Capital Adequacy Purposes Amount	$ 22,584	$ 21,048
Minimum Requirement For Capital Adequacy Purposes Ratio	9%	8.50%

Condensed Financial Statement_3

Condensed Financial Statements of Kentucky First Federal Bancorp (Details) - Schedule of balance sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
ASSETS
Interest-bearing deposits in First Federal of Kentucky	$ 8,997	$ 14,813
Cash and cash equivalents	1,897	2,012
Prepaid expenses and other assets	907	834
Total assets	328,080	338,063
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total liabilities	276,055	285,767
Shareholders’ equity	52,025	52,296	$ 51,911
Total liabilities and shareholders’ equity	328,080	338,063
Parent Company [Member]
ASSETS
Other interest-bearing deposits	9	9
Cash and cash equivalents	1,897	2,012	$ 1,483
Prepaid expenses and other assets	602	458
Total assets	52,071	52,523
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable and other liabilities	46	227
Total liabilities	46	227
Shareholders’ equity	52,025	52,296
Total liabilities and shareholders’ equity	52,071	52,523
Parent Company [Member] | First Federal of Hazard [Member]
ASSETS
Interest-bearing deposits in First Federal of Hazard	1,185	933
Investment in First Federal of Hazard	18,433	18,407
Parent Company [Member] | First Federal of Kentucky [Member]
ASSETS
Interest-bearing deposits in First Federal of Kentucky	703	1,070
Parent Company [Member] | Frankfort First [Member]
ASSETS
Investment in Frankfort First	$ 31,139	$ 31,646

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, 2022	Jun. 30, 2021
Income
Interest income	$ 14	$ 27
Non-interest income		15
Total income	1,897	1,993
Non-interest expenses	384	330
Earnings before income taxes	1,513	1,663
Income tax benefit	(77)	(157)
Net income	1,590	1,820
Other comprehensive (loss) income, net of tax-related effects:
Unrealized holding losses on securities designated as available-for-sale during the year, net of tax benefits of $0 and $(1) in 2022 and 2021, respectively		(2)
Comprehensive income (loss)	1,590	1,818
First Federal of Hazard [Member]
Income
Dividends	846	590
Equity in undistributed (excess distributed) earnings	32	101
Frankfort First [Member]
Income
Dividends	1,480	826
Equity in undistributed (excess distributed) earnings	$ (475)	$ 434

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, 2022	Jun. 30, 2021
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Unrealized holding gains (losses) on securities designated as available for sale	$ 0	$ (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, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net earnings for the year	$ 1,590	$ 1,820
Adjustments to reconcile net earnings to net cash provided by operating activities:
Excess (deficit) distributions over earnings (undistributed earnings from consolidated subsidiaries	443	(535)
Noncash compensation expense	73	122
Gain on sale of automobile		15
Depreciation		11
Increase (decrease) in cash due to changes in:
Prepaid expenses and other assets	(106)	449
Other liabilities	(181)	201
Net cash provided by operating activities	1,819	2,084
Cash flows from financing activities:
Treasury stock purchases	(540)	(167)
Dividends paid on common stock	(1,394)	(1,388)
Net cash used in financing activities	(1,934)	(1,555)
Net increase (decrease) in cash and cash equivalents	(115)	529
Cash and cash equivalents at beginning of year	2,012	1,483
Cash and cash equivalents at end of year	$ 1,897	$ 2,012