Financial Performance - The company reported a net loss of $643,000 for the nine months ended March 31, 2024, compared to a net income of $891,000 for the same period in 2023[12]. - Earnings per share for the nine months ended March 31, 2024, was $(0.08), compared to $0.11 for the same period in 2023[12]. - Net income for the nine-month period ended March 31, 2024, was $(643,000), a decrease of $1.5 million or 172.2% from the same period in 2023[131]. - Non-interest income decreased by $37,000 or 15.7% to $199,000 for the nine months ended March 31, 2024, mainly due to a decrease in bank-related fees and services[139]. - The company's net interest margin for the nine months ended March 31, 2024, was 1.94%, down from 2.87% in the same period of 2023[115]. - Net interest income after provision for credit losses was $5,105,000 for the nine months ended March 31, 2024, down from $6,812,000 in the prior year, a decrease of 25.0%[12]. - Net interest income decreased by $1.8 million or 26.5% to $5.1 million, primarily due to interest expense increasing by $4.4 million or 193.0%[132]. - The net interest spread decreased from 2.66% for the prior year to 1.46% for the nine-month period ended March 31, 2024[136]. Assets and Liabilities - Total assets increased to $369,100,000 as of March 31, 2024, up from $349,022,000 on June 30, 2023, representing a growth of approximately 5.8%[9]. - Total liabilities increased to $320,086,000 as of March 31, 2024, from $298,311,000 as of June 30, 2023, marking a growth of approximately 7.3%[9]. - Cash and cash equivalents rose to $15,423,000 as of March 31, 2024, compared to $8,167,000 as of June 30, 2023, an increase of 89.5%[9]. - Deposits increased to $246,104,000 as of March 31, 2024, compared to $226,309,000 at June 30, 2023[108]. - The company's total assets increased by $20.1 million, or 5.8%, to $369.1 million compared to June 30, 2023[119]. - Total liabilities increased by $21.8 million, or 7.3%, to $320.1 million at March 31, 2024, driven by an increase in deposits of $19.8 million or 8.7%[126]. Equity and Dividends - As of March 31, 2024, the total equity of Kentucky First Federal Bancorp decreased to $49,014 thousand from $51,139 thousand as of March 31, 2023, reflecting a decline of approximately 4.2%[21]. - Shareholders' equity decreased by $1.7 million or 3.3% to $49.0 million at March 31, 2024, primarily due to the adoption of the CECL accounting standard and dividends paid[128]. - Dividends per share decreased to $0.20 for the nine months ended March 31, 2024, down from $0.30 in the same period of 2023[12]. - The company paid $671 thousand in dividends on common stock during the nine months ended March 31, 2024, down from $1,026 thousand in the same period of 2023[24]. Loan Portfolio - Net loans increased to $328,134,000 as of March 31, 2024, compared to $313,807,000 as of June 30, 2023, reflecting a rise of about 4.6%[9]. - The total loan portfolio amounted to $328,134,000, an increase from $313,807,000 as of June 30, 2023, representing a growth of approximately 4.2%[55]. - The residential real estate segment, particularly one- to four-family loans, saw an increase to $254,789,000 from $240,076,000, marking a growth of approximately 6.1%[55]. - Multi-family loans decreased to $15,755,000 from $19,067,000, reflecting a decline of about 17.9%[55]. - The construction loan segment increased to $14,239,000 from $12,294,000, showing a growth of approximately 15.8%[55]. - Home equity loans increased to $10,326,000 from $9,217,000, representing a growth of approximately 12.0%[55]. - The total amount of loans on deposits decreased to $795,000 from $855,000, a decline of about 7.0%[55]. Credit Quality and Allowance for Losses - The allowance for credit losses (ACL) increased to $2,106,000 from $1,634,000, indicating a rise of about 28.8%[55]. - The provision for credit losses for the nine months ended March 31, 2024, was a recovery of $13 thousand, compared to a recovery of $113 thousand in the same period of 2023[24]. - The company believes the ACL as of March 31, 2024, is adequate based on ongoing monitoring and evaluations[60]. - The total allowance for loan losses as of March 31, 2024, was $2,106,000, with a significant portion attributed to residential real estate loans[80]. - The recorded investment in nonaccrual loans was $4,819,000, with loans past due over 90 days still on accrual totaling $408,000[86]. - The total past due loans as of March 31, 2024, amounted to $7,176,000, with $323,064,000 in loans not past due, resulting in a total of $330,240,000[89]. - The aging of past due loans as of March 31, 2024, showed $5,948,000 in one- to four-family loans past due, with a total of $254,789,000 in loans outstanding[89]. Securities and Fair Value - As of March 31, 2024, the total amortized cost of available-for-sale securities was $10,752,000, with gross unrealized losses of $527,000, resulting in a fair value of $10,225,000[52]. - Fair value of available-for-sale securities decreased to $10,225,000 as of March 31, 2024, from $12,080,000 at June 30, 2023[105]. - The company's other comprehensive loss was $396,000 at the end of March 2024, reflecting unrealized losses on available-for-sale securities[109]. - Unrealized holding gains on available-for-sale securities for the nine months ended March 31, 2024, were $42,000, compared to a loss of $480,000 in the same period of 2023[109]. Risk Management and Internal Controls - The Company categorizes loans into risk categories based on borrowers' ability to service their debt, with classifications including Special Mention, Substandard, and Doubtful[91][92][93]. - The company continues to maintain a conservative approach to risk management, with minimal special mention and substandard loans across its loan portfolio[94][95]. - The Company's disclosure controls and procedures were evaluated as effective by the CEO and CFO, ensuring timely and accurate reporting as required by the SEC[155]. - There were no significant changes in the Company's internal control over financial reporting during the quarter ended March 31, 2024[156]. Other Information - The company has completed its stock repurchase program, having repurchased up to 150,000 shares initiated on February 3, 2021[161]. - There were no legal proceedings reported during the quarter[158]. - The Company has not disclosed any changes to risk factors that could materially affect its business since the last annual report[159].

Financial Performance - For the three months ended March 31, 2024, Kentucky First Federal Bancorp reported a net loss of $107,000, a decrease of 174.3% compared to net earnings of $144,000 for the same period in 2023[2]. - The Company recorded an income tax benefit of $200,000 for the nine months ended March 31, 2024, compared to an income tax expense of $283,000 for the same period in 2023[4]. Interest Income and Expense - Net interest income decreased by $280,000 or 13.7% to $1.8 million due to interest expense increasing by $1.2 million or 106.7% to $2.4 million, while interest income increased by $963,000 or 30.0% to $4.2 million[2][3]. - The average rate earned on interest-earning assets increased by 75 basis points to 4.67%, while the average rate paid on interest-bearing liabilities increased by 149 basis points to 3.19%[3]. - The Company expects the cost of wholesale funds to have peaked and may begin to decline over the next several months, while the yield on assets is expected to continue increasing unless there is a significant drop in interest rates[3]. Assets and Liabilities - Total assets increased by $20.1 million or 5.8% to $369.1 million as of March 31, 2024, primarily due to an increase in loans, net, of $14.3 million or 4.6%[5]. - Total liabilities increased by $21.8 million or 7.3% to $320.1 million, with deposits increasing by $19.8 million or 8.7% to $246.1 million[5]. Shareholders' Equity - Shareholders' equity decreased by $1.7 million or 3.3% to $49.0 million at March 31, 2024, primarily due to the net loss for the period and the adoption of the CECL accounting standard[6]. - The book value per share as of March 31, 2024, was $6.06, down from $6.27 at June 30, 2023[10]. Accounting Standards - The Company adopted a new accounting standard for the calculation of its allowance for credit losses, resulting in an increase of $497,000 in the allowance for loans since July 1, 2023[3].

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., May 10, 2024 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (NASDAQ:KFFB), the holding company (the "Company") for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced a net loss of $107,000 or ($0.01) diluted earnings per share for the three months ended March 31, 2024, compared to net earnings of $144,000 or $0.02 diluted earnings per share for the three month ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ____________ to _______________ Commission File Number: 0-51176 KENTUCKY FIRST FEDERAL BANCORP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) United States of America 61-1484858 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ____________ to _______________ Commission File Number: 0-51176 KENTUCKY FIRST FEDERAL BANCORP (Exact name of registrant as specified in its charter) United States of America 61-1484858 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 0-51176 KENTUCKY FIRST FEDERAL BANCORP (Exact Name of Registrant as Specified in Its Charter) | United States | 61-1484858 | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ____________ to _______________ Commission File Number: 0-51176 KENTUCKY FIRST FEDERAL BANCORP (Exact name of registrant as specified in its charter) United States of America 61-1484858 (St ...

Financial Performance - Net income for the six months ended December 31, 2022, was $747,000, a decrease of 29% compared to $1,050,000 for the same period in 2021[12]. - Comprehensive income for the six months ended December 31, 2022, was $404,000, compared to $1,050,000 in the prior year, indicating a significant decrease[15]. - Earnings per share for the six months ended December 31, 2022, was $0.09, down from $0.13 in the same period of 2021[12]. - Net income for the six months ended December 31, 2022, was $747,000, a decrease of 29% compared to $1,050,000 for the same period in 2021[23]. - The effective tax rate for the six-month period ended December 31, 2022, was 23.5%, compared to 18.7% for the same period in 2021[114]. Income and Expenses - Total interest income rose to $6,016,000 for the six months ended December 31, 2022, compared to $5,755,000 in the prior year, reflecting an increase of 4.5%[12]. - Net interest income after provision for loan losses was $4,767,000 for the six months ended December 31, 2022, slightly down from $4,838,000 in the same period of 2021[12]. - Total non-interest income decreased to $167,000 for the six months ended December 31, 2022, from $328,000 in the prior year, a decline of 49%[12]. - Non-interest expense increased by $83,000 or 2.1% to $4.0 million, mainly due to higher auditing and accounting costs[112]. - Non-interest income decreased by $161,000 or 49.1% to $167,000, primarily due to lower net gains on sales of loans[111]. Assets and Liabilities - Total assets increased to $335,377,000 as of December 31, 2022, up from $328,080,000 on June 30, 2022, representing a growth of 0.4%[9]. - Total liabilities increased to $283,736,000 as of December 31, 2022, compared to $276,055,000 on June 30, 2022, marking a rise of 2.4%[9]. - The company reported a net cash provided by operating activities of $803,000 for the six months ended December 31, 2022, compared to $1,425,000 for the same period in 2021[23]. - The ending cash and cash equivalents decreased to $7,654,000 at December 31, 2022, down from $45,292,000 at the end of the previous year[23]. - The company reported no other real estate owned (OREO) written down during the six- or three-month periods ended December 31, 2022[85]. Loans and Credit Quality - The total loans receivable as of December 31, 2022, amounted to $300.619 million, an increase from $276.112 million as of June 30, 2022, representing an increase of approximately 8.9%[43]. - The allowance for loan losses increased to $1.655 million as of December 31, 2022, compared to $1.529 million as of June 30, 2022, indicating a rise of approximately 8.25%[43]. - The provision for loan losses was $113,000 for the six months ended December 31, 2022, compared to no provision in the same period of 2021[23]. - Non-performing loans were approximately $6.1 million, or 2.0% of total loans, slightly down from $5.8 million or 2.1% at June 30, 2022[101]. - The recorded investment in loans collectively evaluated for impairment was $295,121,000, with an allowance of $1,655,000 attributed to these loans[61]. Deposits - Deposits decreased to $209,383,000 as of December 31, 2022, down from $239,857,000 on June 30, 2022, a decline of 12.7%[9]. - The company’s total deposits as of December 31, 2022, were $209,383,000, with a fair value of $209,521,000[89]. Investment and Securities - The amortized cost of available-for-sale agency mortgage-backed securities was $13.996 million as of December 31, 2022, with gross unrealized losses of $457, resulting in a fair value of $13.539 million[37]. - The fair value of available-for-sale securities as of December 31, 2022, was $13,539,000, compared to $10,477,000 as of June 30, 2022[89]. - The company has not recognized any impairment through earnings for agency mortgage-backed securities, indicating a stable assessment of these assets[38]. Risk Management - The company utilizes a risk rating system to categorize loans based on borrowers' ability to service their debt, with annual analysis performed[70]. - The company has engaged a third-party software provider to model data for the new credit loss evaluation process, anticipating increased complexity and costs[33]. - The company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses when the new accounting standard ASU 2016-13 becomes effective, but the magnitude of this adjustment is currently undetermined[33].

Financial Performance - Net income for the three months ended September 30, 2022, was $373 thousand, a decrease of 34.3% from $568 thousand in the same period of 2021[10]. - Basic and diluted earnings per share for the three months ended September 30, 2022, were $0.05, compared to $0.07 for the same period in 2021, reflecting a decline of 28.6%[31]. - Non-interest income dropped significantly to $98 thousand, down 57.1% from $228 thousand in the same quarter of 2021[10]. - Net interest income after provision for loan losses was $2,319 thousand, a decline of 7.4% compared to $2,505 thousand in the same quarter of 2021[10]. - Net interest income decreased by $73,000, or 2.9%, to $2.4 million for the quarter, primarily due to a $89,000 decrease in interest income[108]. - Non-interest expense decreased by $53,000, or 2.7%, totaling $1.9 million, mainly due to lower employee compensation and benefits[116]. - Income tax expense decreased by $68,000, or 37.0%, to $116,000, with effective tax rates of 23.7% for the current period[119]. Asset and Liability Management - Total assets increased to $330,917 thousand as of September 30, 2022, compared to $328,080 thousand on June 30, 2022, reflecting a growth of 0.56%[8]. - Total liabilities increased to $279,288 thousand as of September 30, 2022, compared to $276,055 thousand on June 30, 2022, marking a rise of 0.80%[8]. - Deposits decreased to $226,292 thousand as of September 30, 2022, down 5.5% from $239,857 thousand on June 30, 2022[8]. - Cash and cash equivalents decreased to $8,635 thousand as of September 30, 2022, down 66.6% from $25,823 thousand at the end of June 2022[18]. - The total carrying value of financial assets was $292,659,000 as of September 30, 2022, with a fair value of $287,011,000[79]. Loan Portfolio and Credit Quality - The total loans receivable as of September 30, 2022, amounted to $292.7 million, an increase from $276.1 million as of June 30, 2022, indicating a growth of approximately 6.0%[40]. - The allowance for loan losses increased to $1.642 million as of September 30, 2022, compared to $1.529 million as of June 30, 2022, representing an increase of 7.4%[40]. - The company reported a charge-off of $51,000 in nonresidential real estate loans during the quarter, leading to an ending balance of $410,000 in the allowance for this category[55]. - The company’s residential real estate loans increased to $225.3 million as of September 30, 2022, from $216.4 million as of June 30, 2022, marking an increase of approximately 4.0%[40]. - The company reported a total of $6.941 million in past due loans as of September 30, 2022, with $5.631 million past due between 30-89 days and $1.310 million greater than 90 days[65]. - The company's non-performing loans were approximately $5.3 million, or 1.8% of total loans, down from $5.8 million, or 2.1%, at June 30, 2022[98]. - The allowance for loan losses totaled $1.6 million at September 30, 2022, representing 31.1% of non-performing loans[98]. Regulatory Compliance and Reporting - Kentucky First Federal Bancorp's quarterly report for the period ended September 30, 2022, includes consolidated financial statements formatted in XBRL[101]. - The report contains the Consolidated Balance Sheets, Consolidated Statements of Operations, and Consolidated Statements of Cash Flows[101]. - CEO and CFO certifications were provided in accordance with the Sarbanes-Oxley Act of 2002[31.1][31.2]. - The report is filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[140]. - The company has made multiple amendments to its Bylaws, with the latest being Amendment No. 3[3.5]. - The report is part of the ongoing regulatory filings, indicating the company's commitment to transparency[140]. Economic Outlook - The company anticipates potential impacts from general economic conditions and changes in the interest rate environment on its future performance[83]. - The company expects to recognize a one-time cumulative effect adjustment to the allowance for loan losses when the new credit loss standard becomes effective in the fiscal year beginning July 1, 2023[28].

Financial Position - As of June 30, 2022, Kentucky First Federal Bancorp had total assets of $328.1 million, deposits of $239.9 million, and stockholders' equity of $52.0 million[15]. - First Federal of Hazard had total assets of $84.2 million, net loans of $72.2 million, and deposits of $48.2 million as of June 30, 2022[17]. - First Federal of Kentucky reported total assets of $243.8 million, net loans of $202.3 million, and deposits of $193.8 million as of June 30, 2022[18]. Loan Portfolio Composition - The loan portfolio primarily consists of residential mortgage loans, totaling $232.0 million, or 84.0% of the total loan portfolio as of June 30, 2022[26]. - Adjustable-rate residential mortgage loans accounted for $205.1 million, or 88.4% of the residential mortgage loan portfolio as of June 30, 2022[27]. - Multi-family loans totaled $14.3 million, or 5.2% of the total loan portfolio as of June 30, 2022[34]. - Nonresidential real estate loans amounted to $31.4 million, or 11.4% of the total loan portfolio as of June 30, 2022[35]. - Commercial non-mortgage loans totaled $1.0 million, representing 0.4% of the total loan portfolio[37]. - Consumer loans amounted to $9.2 million, or 3.3% of the total loan portfolio, with home equity loans making up $7.7 million[38]. - Loans secured by savings accounts totaled 0.3% of the total loan portfolio as of June 30, 2022[39]. - At June 30, 2022, $23.2 million in loans were being serviced for the Federal Home Loan Bank of Cincinnati[41]. - As of June 30, 2022, 88.4% of the residential real estate loan portfolio consists of adjustable-rate loans, which may be impacted by rising interest rates[118]. - As of June 30, 2022, $216.4 million, or 78.4%, of the loan portfolio is secured by one-to-four family real estate, all located in Kentucky[130]. - Approximately 96.3% of the loan portfolio as of June 30, 2022, is collateralized by real estate, making it vulnerable to market disruptions[129]. Market and Economic Conditions - The unemployment rate in Perry County was 5.4% in July 2022, higher than the state and national averages of 3.8% and 3.7%, respectively[21]. - The median household income in Perry County was $28,287, significantly lower than the state average of $48,182 and the national average of $67,862[21]. - The distressed economy in the market area of First Federal of Hazard continues to lag behind Kentucky and the U.S., limiting loan demand and growth potential[131]. - Inflationary pressures are expected to remain elevated throughout 2022, potentially increasing loan delinquencies and non-performing assets[125]. - The ongoing COVID-19 pandemic has led to significant economic disruptions, affecting business operations and financial markets[119]. - Approximately $4.7 trillion in fiscal stimulus has been appropriated by Congress in response to the COVID-19 pandemic, impacting the economic environment[121]. Regulatory Environment - The company is subject to extensive regulation and supervision by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation[66]. - The Dodd-Frank Act significantly changed the financial regulatory regime in the U.S., impacting First Federal of Kentucky's operations[67]. - Federal regulations require a 4.0% Tier 1 leverage ratio and a 4.5% common equity Tier 1 ratio for insured depository institutions[72]. - The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 provides limited regulatory relief to financial institutions with less than $10 billion in assets, benefiting First Federal of Kentucky[69]. - Federal savings associations are subject to a capital directive or cease and desist order, with civil penalties potentially reaching $1 million per day for egregious violations[84]. - The current deposit insurance limit per account owner is $250,000, with assessment rates ranging from 1.5 to 30 basis points of total average assets[86]. - The FDIC may adjust insurance assessment rates, which could adversely affect the operating expenses of the banks[87]. - Savings and loan holding companies with less than $3.0 billion in assets are exempt from consolidated capital requirements unless directed otherwise by the Federal Reserve Board[101]. Competition and Market Share - The company faces significant competition for deposits and loan origination, with larger competitors holding greater resources[62]. - First Federal of Hazard had a deposit market share of 6.9% in Perry County as of June 30, 2022[63]. - First Federal of Kentucky had a deposit market share of 8.2%, 7.0%, and 16.9% in Franklin, Boyle, and Garrard counties respectively as of June 30, 2022[64]. - The largest competitors for deposits include Boyle Bancorp, Inc. at 24.5%, Wesbanco Bank, Inc. at 17.3%, and Community Trust Bancorp, Inc. at 6.8% market share[64]. - As of June 30, 2022, Wesbanco Bank, Inc. had assets of $16.8 billion, Boyle Bancorp, Inc. had $791.2 million, and Community Trust Bancorp, Inc. had $5.4 billion in assets[64]. Capital and Financial Management - The capital levels of First Federal of Hazard and First Federal of Kentucky exceed the minimum required capital amounts for capital adequacy as of June 30, 2022[74]. - The capital levels of First Federal of Hazard and First Federal of Kentucky exceed the required capital amounts as of June 30, 2022, according to Community Bank Leverage Ratio regulations[140]. - The company does not intend to pay dividends in the future that would result in a recapture of any portion of its bad debt reserves[111]. - First Federal MHC has successfully obtained Federal Reserve Board approval to waive dividends of $0.10 per common share through May 2023, with expectations to continue waiving future dividends as needed for operations[104]. - The company is subject to regulatory scrutiny regarding dividend waivers, which could impair its ability to pay dividends to stockholders[154]. Operational and Technological Risks - Effective liquidity management is essential, as a failure to maintain adequate liquidity could materially affect business operations[135]. - Security measures may not be sufficient to mitigate the risk of cyber attacks, potentially jeopardizing confidential information and operations[142]. - The company has established policies to prevent systems failures, but there is no assurance that these measures will be effective, which could adversely impact business operations[144]. - Any systems failures may require the company to find alternative service sources, potentially damaging its reputation and resulting in customer loss[145]. - The company must keep pace with technological changes to remain competitive, as failure to do so could materially impact its financial condition[146]. Employee and Management Information - First Federal of Kentucky had 62 full-time employees and two part-time employees as of June 30, 2022[65]. - The company's management has evaluated the effectiveness of its disclosure controls and procedures, concluding they are effective as of the end of the reporting period[169]. - The company's management assessed the effectiveness of internal control over financial reporting as of June 30, 2022, concluding it is effective[175]. - There were no changes in internal control over financial reporting during the quarter ended June 30, 2022, that materially affected its effectiveness[178]. - The company currently has no equity-based compensation plans in place[195]. Shareholder Actions - The company repurchased 63,520 shares at an average price of $7.55 during June 2022, with a total of 131,500 shares available for repurchase under announced programs[162]. - First Federal MHC has historically waived its right to dividends, significantly increasing the dividends paid to public stockholders[150]. Business Operations - The company operates in three distinct market areas, focusing on community-oriented banking services[20]. - The company conducts business through seven offices, with the main office in Hazard, Kentucky, opened in 2016[156]. - The company is not currently involved in any legal proceedings that could materially affect its financial condition[158].