KFFB » Topics » NOTE D - ALLOWANCE FOR LOAN LOSSES

This excerpt taken from the KFFB 10-K filed Sep 28, 2007.

NOTE D - ALLOWANCE FOR LOAN LOSSES

The activity in the allowance for loan losses is summarized as follows for the years ended June 30:

 

 

2007

 

2006

 

2005

 

 

 



 



 



 

 

 

(In thousands)

 

Balance at beginning of year

 

$

724

 

$

708

 

$

665

 

Allowance of Frankfort First at acquisition

 

 

—  

 

 

—  

 

 

133

 

Provision for losses on loans

 

 

—  

 

 

32

 

 

53

 

Charge-offs

 

 

(4

)

 

(16

)

 

(143

)

 

 



 



 



 

Balance at end of year

 

$

720

 

$

724

 

$

708

 

 

 



 



 



 

As of June 30, 2007 and 2006, the allowance for loan losses is primarily general in nature, and, for the most part, is includible as a component of the Banks’ regulatory risk-based capital.

At June 30, 2007 and 2006, accruing loans delinquent 90 days or more totaled approximately $255,000 and $608,000, respectively. Nonaccrual loans at June 30, 2007 and 2006, were approximately $713,000 and $819,000, respectively.

52


KENTUCKY FIRST FEDERAL BANCORP

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

June 30, 2007, 2006 and 2005

This excerpt taken from the KFFB 10-K filed Sep 28, 2006.

NOTE D - ALLOWANCE FOR LOAN LOSSES

 

The activity in the allowance for loan losses is summarized as follows for the years ended June 30:

 

 

2006

 

2005

 

2004

 

 

 



 



 



 

 

 

(In thousands )

 

Balance at beginning of year

 

$

708

 

$

665

 

$

720

 

Allowance of Frankfort First at acquisition

 

 

—  

 

 

133

 

 

—  

 

Provision for losses on loans

 

 

32

 

 

53

 

 

10

 

Charge-offs

 

 

(16

)

 

(143

)

 

(65

)

 

 



 



 



 

Balance at end of year

 

$

724

 

$

708

 

$

665

 

 

 



 



 



 

As of June 30, 2006, the allowance for loan losses is primarily general in nature, and, for the most part, is includible as a component of the Banks’ regulatory risk-based capital.

Nonperforming loans (loans delinquent greater than 90 days and non-accrual loans) totaled approximately $1.4 million, $1.7 million and $1.2 million at June 30, 2006, 2005 and 2004, respectively.



This excerpt taken from the KFFB 10-K filed Sep 28, 2005.

NOTE D - ALLOWANCE FOR LOAN LOSSES

The activity in the allowance for loan losses is summarized as follows for the years ended June 30:

 

 

2005

 

2004

 

2003

 

 

 


 


 


 

 

 

(In thousands)

 

Balance at beginning of year

 

$

665

 

$

720

 

$

735

 

Allowance of Frankfort First at acquisition

 

 

133

 

 

—  

 

 

—  

 

Provision for losses on loans

 

 

53

 

 

10

 

 

66

 

Charge-offs

 

 

(143

)

 

(65

)

 

(81

)

 

 



 



 



 

Balance at end of year

 

$

708

 

$

665

 

$

720

 

 

 



 



 



 

As of June 30, 2005, the allowance for loan losses is primarily general in nature, and, for the most part, is includible as a component of the Banks’ regulatory risk-based capital.

Nonperforming loans (loans delinquent greater than 90 days and still accruing and non-accrual loans) totaled approximately $1.7 million, $1.2 million and $1.3 million at June 30, 2005, 2004 and 2003, respectively.

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