First Federal Savings Bank of Kentucky
- Company typePublic
- Founded1934
- HeadquartersFrankfort, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
First Federal Savings Bank of Kentucky firmographics
Firmographics- Name
- First Federal Savings Bank of Kentucky
- Legal name
- First Federal Savings Bank of Kentucky
- Website
- https://ffsbky.bank
- Company type
- Public
- Founded year
- 1934
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
First Federal Savings Bank of Kentucky industry classification
Industry- Product category
- Community Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where First Federal Savings Bank of Kentucky is headquartered
LocationHeadquarters
- HQ city
- Frankfort
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
First Federal Savings Bank of Kentucky business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Primary revenue stream from the spread between interest earned on loans (mortgages, commercial real estate, multifamily) and interest paid on deposits. For Q1 FY2026 (quarter ended March 31, 2026), net interest income was $2.9 million, up 34.5% year-over-year. Interest income increased 8.7% to $15.5 million for the nine-month period while interest expense fell 9.2% to $7.5 million.
- Banking Fees and Service Charges: Fees from checking account maintenance, low balance fees, ATM usage, overdraft fees, wire transfers, and other banking services. Monthly maintenance fees range from $5-$10 depending on account type, with waivers available for eStatements.
- Loan Origination Income: Income from mortgage lending including fixed-rate loans, adjustable-rate loans, purchase mortgages, refinances, and home equity loans. The bank shifted toward more multifamily and commercial real estate lending.
- Deposit Products Revenue: Revenue from certificate of deposit products, individual retirement accounts (IRAs), and other time deposits. The bank offers CDs ranging from 3-month to 5-year terms with rates up to 3.67% APY.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Hometown Key Account - Premium checking with benefits |
| Subscription | Monthly | Hometown Checking - Basic checking account |
| Subscription | Monthly | Hometown Checking with Interest - Interest-bearing checking |
| Subscription | Monthly | Hometown Hero Checking - For first responders, military, veterans, teachers, 50+ |
| Subscription | Monthly | Hometown Savings - Basic savings account |
| Subscription | Annual | Christmas Savings - Holiday savings account |
| Subscription | Monthly | Hometown Business Checking - Business checking account |
| Subscription | Monthly | Hometown Business Savings - Business savings account |
| One time/ perpetual license | Pay-as-you-go | Certificate of Deposit (CD) - Terms from 3 months to 5 years |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
First Federal Savings Bank of Kentucky product offering
Product offeringCore offering
First Federal Savings Bank of Kentucky is a community-oriented savings bank that provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage loans, and consumer loans. It serves individual consumers, families, and small businesses through six branch locations across Frankfort, Danville, and Lancaster, Kentucky, complemented by digital banking channels such as mobile and online banking.
Product overview
First Federal Savings Bank of Kentucky operates as a community bank offering a unified portfolio of deposit products and lending services. The core offerings include personal checking and savings accounts (Hometown Key Account, Hometown Checking, Hometown Checking with Interest, Hometown Hero Checking, Hometown Savings), time deposits (Certificates of Deposit with terms from 3 months to 5 years, IRA CDs), and mortgage/loan products. Business banking is served through Hometown Business Checking and Hometown Business Savings accounts. The bank also provides digital banking services including mobile and telephone banking, e-statements, and safe deposit boxes. A sub-brand, Central Kentucky Federal (operating from former Central Kentucky Federal Savings Bank locations), serves the Danville and Lancaster communities as a division of the main bank.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Checking accounts for individual consumers, including basic checking options with debit card access and online banking features.
- Personal Savings Accounts Savings accounts designed for individuals and families to deposit funds and earn interest, supporting personal financial goals.
- Certificates of Deposit (CDs) Time deposit accounts offering fixed interest rates over specified terms for individuals and businesses seeking predictable returns.
- Mortgage Loans Residential mortgage loan products for homebuyers and homeowners refinancing existing mortgages.
- Business Banking Services Business checking and savings accounts along with credit products for small businesses operating in the bank's service communities.
- Online and Mobile Banking Digital banking platform enabling customers to view balances, transfer funds, pay bills, and deposit checks from desktop or mobile devices.
- Telephone Banking Telephone-based banking service allowing customers to perform account inquiries and basic transactions via phone.
- Safe Deposit Boxes Rented safe deposit boxes at branch locations for secure storage of valuables and important documents.
Companies that use First Federal Savings Bank of Kentucky
Customer profileSegments5 records
Ideal customer profiles3 records
First Federal Savings Bank of Kentucky technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
First Federal Savings Bank of Kentucky partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- LIFE HouseminorLocal nonprofit organization supported through the bank's community contributions and annual giving program focused on community development.
- Child Advocacy Center (CAC)minorLocal nonprofit organization supported through the bank's community contributions focused on community development and social services.
- Federal Deposit Insurance Corporation (FDIC)coreFDIC insurance provider insuring customer deposits up to $250,000 per customer. FDIC logo displayed on website as member indicator.
- Office of the Comptroller of the Currency (OCC)corePrimary federal regulator for national banks. Formal written agreement dated August 13, 2024 was terminated effective February 19, 2026 after less than 20 months, confirming bank exited troubled condition status.
Scale indicators10 records
Recent moves10 records
Expansion highlights5 records
First Federal Savings Bank of Kentucky competitors and assessment
Company assessmentDirect peers
- Lake Shore Bancorp: Lake Shore Bancorp (LSBK) is a small community-oriented savings bank in western New York serving retail depositors and originating residential and commercial loans. Closely comparable as a small-cap community thrift with similar product focus.
- Heritage Financial Corporation: Heritage Financial (HFWA) is a Pacific Northwest community bank holding company offering retail deposits, mortgage, and commercial banking. Comparable as a similarly scaled community banking franchise with deposit-funded lending.
- Capitol Federal Financial: Capitol Federal Financial (CAPN) is a federally chartered savings institution operating a similar community savings bank model with deposit gathering and residential/CRE lending. Directly comparable as a thrift-style community bank with branch distribution.
- Dime Community Bancshares: Dime Community Bancshares (DCOM) is a New York-based community savings bank focused on deposit gathering and multifamily/CRE lending. Highly comparable on lending mix and community deposit-driven model.
- Kentucky Bank: Kentucky Bank is a Kentucky-headquartered community bank providing personal checking, savings, mortgage, and business banking across central and northern Kentucky. Closely comparable to First Federal in scale, geography, and product mix.
- Citizens National Bank of Kentucky: Citizens National Bank is a Kentucky-based community bank operating in multiple central Kentucky counties, offering deposits, mortgages, and commercial loans. Comparable as a similarly sized community bank serving overlapping central Kentucky markets.
Regional players
- Republic Bank: Republic Bank & Trust Company is a Kentucky-based community bank headquartered in Louisville, offering personal, business, and mortgage banking. Directly comparable as a regional Kentucky community bank competitor for the same customers.
Broad incumbents
- Brookline Bancorp: Brookline Bancorp (BRKL) is a multi-bank community banking holding company offering deposits, mortgages, and commercial lending across the Northeast. Comparable as a broader community bank franchise with similar core product categories.
- Washington Federal (WaFd Bank): WaFd Bank (WAFD) operates a federally chartered savings bank model across the western U.S., offering retail deposits, mortgages, and commercial lending. Comparable as a larger, geographically broader incumbent in the same savings-bank business model.
Emerging players
- Hanover Bancorp: Hanover Bancorp (HNVR) is a small community-oriented bank based in New York offering deposit and lending products. Comparable in scale and structure as a small community bank growing its franchise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
First Federal Savings Bank of Kentucky social profiles
Digital presenceFirst Federal Savings Bank of Kentucky compliance and trust
Trust signalCompliance1 record
First Federal Savings Bank of Kentucky financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Federal Savings Bank of Kentucky leadership team
Management profileNumber of profiles
First Federal Savings Bank of Kentucky funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Federal Savings Bank of Kentucky M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Federal Savings Bank of Kentucky
What does First Federal Savings Bank of Kentucky do?
First Federal Savings Bank of Kentucky is a community-oriented savings bank that provides personal and business banking products, including checking and savings accounts, certificates of deposit, mortgage loans, and consumer loans. It serves individual consumers, families, and small businesses through six branch locations across Frankfort, Danville, and Lancaster, Kentucky, complemented by digital banking channels such as mobile and online banking.
Is First Federal Savings Bank of Kentucky a public or private company?
First Federal Savings Bank of Kentucky is a public company. It is classified as public and is currently operating.
When was First Federal Savings Bank of Kentucky founded?
First Federal Savings Bank of Kentucky was founded in 1934. It employs 51 to 100 people.
Where is First Federal Savings Bank of Kentucky based?
First Federal Savings Bank of Kentucky is headquartered in Frankfort, United States, in the North America region.
How does First Federal Savings Bank of Kentucky make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are banking Fees and Service Charges, loan Origination Income and deposit Products Revenue.
Who are First Federal Savings Bank of Kentucky's main competitors?
Direct peers on record are Lake Shore Bancorp, Heritage Financial Corporation, Capitol Federal Financial, Dime Community Bancshares, Kentucky Bank and Citizens National Bank of Kentucky. Republic Bank is listed as a regional player. Broad incumbents are Brookline Bancorp and Washington Federal (WaFd Bank). Hanover Bancorp is listed as an emerging player.
Does First Federal Savings Bank of Kentucky have an API?
No public API is recorded for First Federal Savings Bank of Kentucky.
What industry is First Federal Savings Bank of Kentucky in?
First Federal Savings Bank of Kentucky's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522180 and its SIC code is 6035.