Thu, May 15, 6:26 PM (28 days ago)
**Summary of Financial Performance:** **Revenue:** - **Total Revenue:** $380,737,000 (an increase of $5,797,000 or 1.5% from June 30, 2024) - **Interest Income:** $13,158,000 (an increase of $2,231,000 or 20.4% from the same period in 2024) - **Non-Interest Income:** $389,000 (an increase of $190,000 or 95.5% from the same period in 2024) **Expenses:** - **Total Expenses:** $6,392,000 (an increase of $245,000 or 4.0% from the same period in 2024) - **Interest Expense:** $8,211,000 (an increase of $1,509,000 or 21.8% from the same period in 2024) - **Non-Interest Expense:** $6,392,000 (an increase of $245,000 or 4.0% from the same period in 2024) **Net Income:** - **Net Income:** $5,000 (an increase of $648,000 from a net loss of $643,000 in the same period in 2024) **Earnings per Share:** - **Diluted Earnings per Share:** $0.00 (an increase from a loss of $0.08 in the same period in 2024) **Balance Sheet Highlights:** - **Total Assets:** $380,737,000 (an increase of $5,797,000 or 1.5% from June 30, 2024) - **Cash and Cash Equivalents:** $27,753,000 (an increase of $9,466,000 or 51.8% from June 30, 2024) - **Loans, Net:** $330,551,000 (a decrease of $2,511,000 or 0.7% from June 30, 2024) - **Deposits:** $277,386,000 (an increase of $21,247,000 or 8.3% from June 30, 2024) **Shareholders' Equity:** - **Total Shareholders' Equity:** $48,152,000 (an increase of $155,000 or 0.3% from June 30, 2024) **Key Ratios:** - **Net Interest Margin:** 2.20% (an increase from 1.94% in the same period in 2024) - **Net Interest Spread:** 1.69% (an increase from 1.46% in the same period in 2024) **Loan Portfolio:** - **Non-Performing Loans:** $3,823,000 or 1.1% of total loans (a decrease from $3,917,000 or 1.2% of total loans at June 30, 2024) - **Allowance for Credit Losses (ACL):** $2,161,000 (an increase of $36,000 from June 30, 2024) **Regulatory Capital Ratios (as of March 31, 2025):** - **Common Equity Tier 1 Capital Ratio:** 16.72% - **Tier 1 Capital Ratio:** 16.72% - **Total Capital Ratio:** 16.72% - **Leverage Ratio:** 10.13% **Trends and Uncertainties:** - **Positive Trends:** Increased net interest income, higher non-interest income, and improved net interest margin. - **Uncertainties:** Regulatory scrutiny, economic conditions, and the impact of interest rate changes on the loan portfolio. **Future Operations Impact:** - The company is focused on increasing earnings, core deposits, and shifting the loan portfolio towards higher-earning loans while reducing reliance on higher-cost funding sources. The suspension of dividends and regulatory requirements pose challenges to future operations. **Ticker:** KFFB