Kentucky First Federal Bancorp (KFFB) reported a decline in fourth quarter profit, due primarily to a decrease in net interest income and an increase in provision for loan losses.
For the quarter, net income was $378,000 or $0.05 per share, compared to $555,000 or $0.07 per share for the year-ago quarter.
Net interest income for fourth quarter dropped 3.6% to $1.9 million from $2.0 million in the comparable quarter last year, while the provision for loan losses for the recently-ended quarterly period was $57,000, compared to no provision for the same period a year ago. Non-interest income for the quarter fell to $21,000 from $23,000 a year earlier.
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