8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 25, 2003

HOPFED BANCORP, INC.

(Exact name of registrant as specified in charter)

Delaware	0-23667	61-1322555
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

2700 Fort Campbell Boulevard, Hopkinsville, Kentucky	42240
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (270) 885-1171

Item 12.    Results of Operations and Financial Condition

On July 25, 2003, the Registrant announced its results of operations for the quarter ended March 31, 2003. A copy of the related press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.

The information furnished herein, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		HOPFED BANCORP, INC.
DATE: July 25, 2003	By:	/s/ John E. Peck
		John E. Peck President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release, dated July 25, 2003, issued by the Registrant.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE	CONTACT:    John E. Peck
	President and CEO (270) 885-1171

HOPFED BANCORP REPORTS SECOND QUARTER RESULTS

HOPKINSVILLE, Ky. (July 25, 2003) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the second quarter and the six-month period ended June 30, 2003. Net income for the second quarter ended June 30, 2003, was $490,000, or $0.13 per share, compared with net income of $1,225,000, or $0.34 per share, for the second quarter in 2002. Net income for the six months ended June 30, 2003, was $1,501,000, or $0.41 per share, compared with net income of $2,358,000, or $0.65 per share.

Second quarter net income declined due to two factors. First, the Company incurred a settlement expense to finalize the closing of its defined benefit plan. The settlement expense reduced current period net income by $528,000, net of taxes. Second, the Company has increased it provision for loan loss expense to $450,000 for the second quarter ended June 30, 2003, and $850,000 for the six-month period ended June 30, 2003. The Company’s provision for loan loss expense for the second quarter and six-month period ended June 30, 2002, was $90,000 and $180,000 respectively.

Commenting on the second quarter results, John E. Peck, president and chief executive officer, said, “The Company has made significant penetration with its checking account and internet banking products. As a result, non-interest income continues to improve. The Company’s mortgage origination business has also contributed significantly to our non-interest income.

“In addition, at June 30, 2003, total assets increased to $490.6 million compared with $427.5 million at December 31, 2002; deposits increased to $405.3 million compared with $353.7 million at December 31, 2002; while net loans increased to $319.4 million compared with $292.1 million at December 31, 2002.

“The Company’s decision to increase its funding of the allowance for loan loss account was due to several factors, the most important being the growth of the loan portfolio in the last two years. Local economic conditions also played a factor in our decision due to our proximity to the 101st Airborne Division of Fort Campbell. Despite these concerns, the Company’s total of non-performing loans at June 30, 2003, was $688,000 as compared to $988,000 for December 31, 2003.

“In September of 2003, Heritage Bank will open its new office in Calvert City, Kentucky. This new location will allow the Company to provide a higher quality level of service to its current and potential customers.”

HopFed Bancorp, Inc. is a holding company for Heritage Bank headquartered in Hopkinsville, Kentucky. The Bank has eight offices in western Kentucky and offers a broad line of banking and financial products and services with the personalized focus of a community banking organization.

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HFBC Announces Second Quarter Results

Page 2

July 25, 2003

Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risk, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the Company’s operating results, performance or financial condition are competition and the demand for the Company’s products and services, and other factors as set forth in filings with the Securities and Exchange Commission.

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except per share data)

	Three Months Ended June 30,
	2003		2002
Earnings Summary:
Net interest income	$	3,079	$	2,678
Provision for loan losses		450		90
Non-interest income		904		402
Non-interest expense		2,809		1,141
Income before taxes		724		1,849
Income tax expense		234		624
Net income	$	490	$	1,225
Earnings per share:
Basic and diluted	$	0.13	$	0.34
Weighted average shares outstanding
Basic		3,630		3,630
Diluted		3,654		3,637

	Six Months Ended June 30,
	2003		2002
Earnings Summary:
Net interest income	$	5,968	$	5,216
Provision for loan losses		850		180
Non-interest income		1,920		838
Non-interest expense		4,835		2,277
Income before taxes		2,203		3,597
Income tax expense		702		1,239
Net income	$	1,501	$	2,358
Earnings per share:
Basic and diluted	$	0.41	$	0.65
Weighted average shares outstanding
Basic		3,630		3,631
Diluted		3,651		3,636

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HFBC Announces Second Quarter Results

Page 3

July 25, 2003

	As of June 30, 2003		As of Dec. 31, 2002
Balance Sheet Data:
Total assets	$	490,596	$	427,502
Loans receivable, net		319,429		292,095
Total deposits		405,292		353,655
Shareholders’ equity		47,428		46,878
Book value per share	$	13.06	$	12.91

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