Kentucky First Federal Bancorp Inc. in Hazard said that its profits for its last fiscal year, which ended June 30, fell 49% from a year earlier, to $810,000.
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Fiscal fourth-quarter profits fell 51%, to $161,000, the $269 million-asset parent of First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Frankfort said Friday.
Kentucky First attributed the full-year earnings decline to a $1.1 million decrease in net interest income as interest expenses increased more rapidly than interest income.
