肯塔基第一银行 2026年季度报告

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ INDEX Kentucky First Federal BancorpNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS The Kentucky First Federal Bancorp (“Kentucky First” or the “Company”) was incorporated under federal law in March 2005 and isthe mid-tier holding company for First Federal Savings and Loan Association of Hazard, Hazard, Kentucky (“First Federal of Hazard”)and Frankfort First Bancorp, Inc. (“Frankfort First”). Frankfort First is the holding company for First Federal Savings Bank ofKentucky, Frankfort, Kentucky (“First Federal of Kentucky”). First Federal of Hazard and First Federal of Kentucky (hereinafter Note 1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements, which represent the condensed consolidated balance sheetsand results of operations of the Company, were prepared in accordance with the instructions for Form 10-Q and, therefore, do notinclude information or footnotes necessary for a complete presentation of financial position, results of operations and cash flows inconformity with U.S. generally accepted accounting principles. However, in the opinion of management, all adjustments (consisting ofonly normal recurring adjustments) which are necessary for a fair presentation of the condensed consolidated financial statements havebeen included. The results of operations for the six-month period ended December 31, 2025, are not necessarily indicative of the Principles of Consolidation- The consolidated financial statements include the accounts of the Company, Frankfort First, and itswholly-owned banking subsidiaries, First Federal of Hazard and First Federal of Kentucky (collectively hereinafter “the Banks”). Allintercompany transactions and balances have been eliminated in consolidation. The Company is a majority-owned subsidiary of First Critical Accounting Policies and Estimates Investments –Management determines the classification of debt securities at purchase as held-to-maturity, trading, or available-for-sale. Held-to-maturity securities are those we have both the intent and ability to hold to maturity and are reported at amortized cost.Securities that are not considered held-to-maturity are considered either trading or available-for-sale securities in accordance withFinancial Accounting Standards Board Accounting Standards Codification (“ASC”) 320,Investments – Debt Securities,and are Loans –Loans for which we have the ability and intent to hold until maturity and/or payoff are reported at the carrying value of theunpaid principal reduced by unearned interest, an allowance for credit losses and unamortized deferred fees and costs and premiums.Interest income is accrued on a level yield basis. In circumstances where management believes that collection of interest income is Kentucky First Federal BancorpNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued) Note 1. Basis of Presentation (continued) Critical Accounting Policies and Estimates(continued) Allowance for Credit Losses –We account for the allowance for credit losses (ACL) under ASC 326, Measurement of Credit Losseson Financial Instruments, which is commonly known as CECL. We measure expected credit losses of financial assets on a weighted We maintain an ACL at a level that is appropriate to cover estimated credit losses on individually evaluated loans, as well as estimatedcredit losses inherent in the estimated life of the loan portfolio. Credit losses are charged to and recoveries are credited to the ACL. Loans with similar risk characteristics are evaluated on a collective basis within homogeneous loan pools under ASC 326. Ourhomogeneous loan pools are primarily determined by loan purpose and collateral type. Pools include residential real estate (composedof one-to-four-family, multi-family, and construction), land, farm, nonresidential real estate, commercial and industrial, and consumer Historical loss rates for loans are adjusted for significant factors that, in management’s judgment, reflect the impact of any currentconditions on loss recognition. Qualitative factors used to derive our ACL include delinquency trends, current economic conditionsand trends, strength of supervision and administration of the loan portfolio, levels of underperforming loans, trends in loan losses and Income Taxes –Income tax expense is based on the taxes due on the consolidated tax return plus deferred taxes on the expected futuretax benefits and consequences of temporary differences between carrying amounts and tax bases of assets and liabilities, using enacted Recently Issued Accounting Pronouncements Not Yet Effective In Octo