BUSINESS COMBINATION (Tables)

12 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The Company paid approximately $11.1 million ($5.1 million in cash and $6.0 million in stock) for CKF Bancorp. A summary of the net assets acquired as of December 31, 2012, follows:

(in thousands)	December 31, 2012
Consideration
Kentucky First Federal Bancorp common stock:
811,275 shares at $7.45/share closing price 12/31/12	$	6,044
Cash		5,070
Fair Value of Total Consideration Transferred	$	11,114
Recognized amounts of identifiable assets acquired and liabilities assumed
Assets acquired:
Cash and due from banks	$	895
Interest-bearing demand deposits		7,524
Securities available for sale		8
Securities, held-to-maturity		10,778
Loans		94,086
Real estate owned, net		1,642
Premises and equipment, net		2,119
Federal Home Loan Bank stock, at cost		2,091
Accrued interest receivable		435
Prepaid FDIC assessments		212
Accrued federal income taxes		35
Deferred federal income taxes		785
Prepaid expenses and other assets		142
Total assets acquired	$	120,752
Liabilities assumed
Deposits	$	101,477
FHLB Advances		7,139
Advances by borrowers for taxes and insurance		30
Accrued interest payable		18
Other liabilities		16
Total liabilities assumed		108,680
Total identifiable net assets	$	12,072
Bargain purchase gain	$	958

Business Acquisition, Pro Forma Information [Table Text Block]

The pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transactions been effected on the assumed date.

(in thousands except per share data)	2013		2012
Net interest income	$	12,298	$	12,386
Net income	$	2,438	$	1,112
Basic earnings per share	$	0.31	$	0.13
Diluted earnings per share	$	0.31	$	0.13