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): April 28, 2004

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 April 28, 2004, the Registrant announced its results of operations for the quarter ended March 31, 2004. 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: May 3, 2004	By:	/s/ John E. Peck
		John E. Peck
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release, dated April 28, 2004, 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, INC. REPORTS FIRST QUARTER RESULTS

HOPKINSVILLE, Ky. (April 28, 2004) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the first quarter ended March 31, 2004. Net income for the first quarter ended March 31, 2004, was $947,000, or $0.26 per share, compared with net income of $996,000, or $0.27 per share, for the first quarter in 2003.

Commenting on the first quarter results, John E. Peck, president and chief executive officer, said, “The Company continues to experience growth in both loans and deposits. The Company has maintained stable levels of profitability despite tighter net interest margins that have resulted from the prolonged decline in market interest rates and the resulting downward re-pricing of its adjustable rate loan portfolio. The Company is focused on growth in core deposits while lowering its cost of funds and appears well positioned to perform well as our local and national economy improves. Our expanded product lines, including Internet banking and bill pay, as well as exceptional customer service have been rewarded with continued growth in all of our markets.”

“In addition, at March 31, 2004, total assets increased to $541.0 million compared with $531.5 million at December 31, 2003; deposits increased to $421.1 million compared with $417.5 million at December 31, 2003; while net loans increased to $340.5 million compared with $334.7 million at December 31, 2003.”

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.

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.

HFBC Announces First Quarter Results

Page 2

April 28, 2004

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except per share data)

	Three Months Ended March 31,
	2004		2003
Earnings Summary
Interest income on loans	$	4,720	$	4,731
Interest income on taxable investments		1,326		1,021
Interest income on non taxable investments		242		115
Interest income on time deposits		6		38
Total interest income		6,294		5,905
Interest expense on deposits		2,429		2,766
Interest expense on borrowed funds		536		267
Total interest expense		2,965		3,033
Net interest income		3,329		2,872
Provision for loan losses		300		400
Net interest income after provision for loan losses		3,029		2,472
Non-interest income:
Gain on sale of investments		171		318
Gain on sale of loans		32		118
Service charges		381		305
Other		208		274
Total non-interest income		792		1,015
Non-interest expense:
Salaries and benefits		1,256		1,023
Occupancy expense		169		211
Data processing		198		186
State deposit taxes		116		95
Loss on sale of fixed assets		7		—
Other operating expenses		650		508
Total non-interest expense		2,396		2,023
Net income before income taxes		1,425		1,464
Federal income tax expense		478		468
Net income	$	947	$	996
Earnings per share - basic	$	0.26	$	0.27
Earnings per share - diluted	$	0.26	$	0.27
Dividend per share	$	0.12	$	0.11
Weighted average shares
outstanding – Basic		3,630,396		3,630,396
Weighted average shares outstanding – Diluted		3,661,397		3,646,737

	As of
	March 31, 2004		December 31, 2003
Total assets	$	541,002	$	531,465
Loans receivable, gross		343,345		337,316
Securities available for sale		147,748		143,514
Securities held to maturity		17,046		15,108
Allowance for loan losses		2,800		2,576
Total deposits		421,126		417,488
Total borrowings		68,897		64,663
Stockholder’s equity		48,679		47,238
Book value	$	13.41	$	13.01