Kentucky First Federal Bancorp is a community savings bank holding company that operates two subsidiary savings banks, First Federal of Hazard and First Federal of Kentucky, serving communities in central and eastern Kentucky. The company's core business involves gathering deposits from local customers and using those funds to originate residential mortgages for homebuyers and homeowners. Its loan portfolio consists primarily of one- to four-family adjustable-rate mortgages, alongside non-residential real estate, consumer, and construction loans. Kentucky First Federal generates income primarily through net interest margin, funding its lending activities with customer deposits, Federal Home Loan Bank advances, and brokered deposits. The company also originates fixed-rate mortgages for sale into the secondary market, retaining the servicing rights to earn fee income. Operating under a mutual holding company structure, Kentucky First Federal focuses on growing core deposits, selling fixed-rate loans to maintain liquidity, and reallocating capital into higher-yielding assets across its rural and small-city markets.