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Subsequent Events
3 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

7. Subsequent Events

 

Subsequent to September 30, 2017, the former President/CEO and a current director of First Federal Savings Bank of Kentucky passed away. Mr. Garland was covered under the bank-owned life insurance program operated as part of the overall employee benefits program, which has been in place for many years. As a result of the passing of this director, the Bank will be receiving the insurance proceeds on the policies maintained for the director in the amount of approximately $1.2 million. Because the cash value of the policies pertaining to Mr. Garland totaled $792,000 at September 30, 2017, the Company expects to recognize income of approximately $370,000.