Exhibit 99.1

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

HOPFED BANCORP REPORTS SECOND QUARTER RESULTS

HOPKINSVILLE, Ky. (July 26, 2004) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the second quarter and the six-month period ended June 30, 2004. Net income for the second quarter ended June 30, 2004, was $1,041,000, or $0.29 per share, compared with net income of $505,000, or $0.14 per share, for the second quarter in 2003. Net income for the six months ended June 30, 2004, was $1,988,000, or $0.55 per share, compared with net income of $1,501,000, or $0.41 per share.

Commenting on the second quarter results, John E. Peck, president and chief executive officer, said, “The Company continues to experience growth in the number of demand deposit accounts. By focusing on core deposits, the Company is working to reduce its cost of funds and improving its net interest margin. As interest rates increase, this focus further enhances our operating results. The Company’s improved net interest income offset declines in non-operating income over the same six-month period in 2003. The decline in non-interest income is the result of higher interest rates, weakening the demand for fixed rate mortgages and limiting the Company’s opportunities to realize gains on the sale of investment securities. Despite these challenges, net income increased almost $100,000 over the previous quarter.”

“In addition, at June 30, 2004, total assets increased to $582.2 million compared with $531.5 million at December 31, 2003; deposits declined to $416.5 million compared with $417.5 million at December 31, 2003; while net loans increased to $351.4 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 nine offices in western Kentucky as well as Fall & Fall Insurance of Fulton, Kentucky and Heritage Solutions of Murray, Kentucky. The Bank offers a broad line of banking and financial products and services with the personalized focus of a community banking organization. More information about HopFed Bancorp and Heritage Bank may be found on its website www.bankwithheritage.com.

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.

	Three Months Ended June 30,				Six Months Ended June 30,
	2004		2003		2004		2003
Earnings Summary
Interest income on loans	$	4,814	$	4,843	$	9,534	$	9,574
Interest income on taxable investments		1,517		1,214		2,843		2,235
Interest income on non taxable investments		258		125		500		240
Interest income on time deposits		3		10		9		48
Total interest income		6,592		6,192		12,886		12,097
Interest expense on deposits		2,358		2,786		4,787		5,552
Interest on subordinated debentures		111		—		221		—
Interest expense on borrowed funds		585		310		1,011		577
Total interest expense		3,054		3,096		6,019		6,129
Net interest income		3,538		3,096		6,867		5,968
Provision for loan losses		300		450		600		850
Net interest income after provision
For loan losses		3,238		2,646		6,267		5,118
Non-interest income:
Gain on sale of investments		3		54		174		372
Gain on sale of loans		25		260		57		378
Service charges		450		586		835		1,161
Other		227		5		431		9
Total non-interest income		705		905		1,497		1,920
Non-interest expense:
Salaries and benefits		1,271		1,947		2,527		2,970
Occupancy expense		175		166		344		376
Data processing		219		127		417		313
State deposit taxes		104		96		220		192
Loss on sale of fixed assets		—		—		7		—
Other operating expenses		626		476		1,276		984
Total non-interest expense		2,395		2,812		4,791		4,835
Net income before income taxes		1,548		739		2,973		2,203
Federal income tax expense		507		234		985		702
Net income	$	1,041	$	505	$	1,988	$	1,501
Earnings per share – basic	$	0.29	$	0.14	$	0.55	$	0.41
Earnings per share – diluted	$	0.28	$	0.14	$	0.54	$	0.41
Dividend per share	$	0.12	$	0.12	$	0.24	$	0.23
Weighted average shares outstanding – Basic		3,630,396		3,630,396		3,630,396		3,630,396
Weighted average shares outstanding – Diluted		3,658,572		3,654,347		3,660,022		3,650,581

	As of
	June 30, 2004		December 31, 2003
Total assets	$	582,278	$	531,465
Loans receivable, gross		354,368		337,316
Securities available for sale		160,710		143,514
Securities held to maturity		29,969		15,108
Allowance for loan losses		2,999		2,576
Total deposits		416,465		417,488
Total borrowings		116,795		64,663
Stockholders’ equity		46,380		47,238
Book value	$	12.78	$	13.01