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Condensed Financial Statements of Kentucky First Federal Bancorp (Tables)
12 Months Ended
Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract]  
Schedule of Balance Sheets
   2019   2018 
ASSETS        
Interest-bearing deposits in First Federal of Hazard  $1,168   $794 
Interest-bearing deposits in First Federal of Kentucky   1,057    808 
Other interest-bearing deposits   30    23 
Investment in First Federal of Hazard   18,366    18,342 
Investment in Frankfort First   44,740    46,526 
Prepaid expenses and other assets   939    742 
           
Total assets  $66,300   $67,235 
          
LIABILITIES AND SHAREHOLDERS' EQUITY          
Accounts payable and other liabilities  $22   $32 
Total liabilities   22    32 
           
Shareholders' equity   66,278    67,203 
           
Total liabilities and shareholders' equity  $66,300   $67,235 
Schedule of Statements of Income
   2019   2018 
Income        
Interest income  $54   $68 
Dividends from First Federal of Hazard   740    133 
Equity in undistributed (excess distributed) earnings of First Federal of Hazard   (224)   172 
Dividends from Frankfort First   2,499    1,070 
Equity in undistributed (excess distributed) earnings of Frankfort First   (1,981)   185 
Total income   1,815    1,628 
           
Non-interest expenses   382    402 
           
Earnings before income taxes   941    1,226 
           
Federal income tax benefit   (106)   (97)
           
Net income   812    1,323 
Other comprehensive income (loss), net of tax-related effects:          
Unrealized holding gains (losses) on securities designated as available for sale during the year, net of taxes (benefits) of $1 and $(1) in 2019 and 2018, respectively   4    (1)
Comprehensive income  $816   $1,322 
Schedule of Statements of Cash Flows
   2019   2018 
Cash flows from operating activities:        
Net earnings for the year  $812   $1,323 
Adjustments to reconcile net earnings to net cash provided by operating activities:          
Excess (deficit) distributions over earnings (undistributed earnings) from consolidated subsidiaries   2,205    (357)
Noncash compensation expense   158    188 
Depreciation   11    -- 
Increase (decrease) in cash due to changes in:          
Prepaid expenses and other assets   (206)   (23)
Other liabilities   (10)   (8)
Net cash provided by operating activities   2,970    1,123 
           
Cash flows from investing activities:          
Additions to premises and equipment, net   --    (49)
Net cash used in investing activities   --    (49)
           
Cash flows from financing activities:          
Treasury stock purchases   (904)   -- 
Dividends paid on common stock   (1,436)   (1,453)
Net cash used in financing activities   (2,340)   (1,453)
           
Net increase (decrease) in cash and cash equivalents   630    (379)
           
Cash and cash equivalents at beginning of year   1,625    2,004 
           
Cash and cash equivalents at end of year  $2,255   $1,625