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): October 26, 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)

(270) 885-1171

Registrant’s telephone number, including area code

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On October 26, 2004, the Registrant announced its results of operations for the quarter and nine months ended September 30, 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 by reference herein.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits. The exhibit listed in the exhibit index is furnished pursuant to Item 2.02 as part of this Current Report on Form 8-K and is not to be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.

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: October 26, 2004	By:	/s/ John E. Peck
		John E. Peck
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated October 26, 2004, issued by the Registrant.

EX-99.1

Exhibit 99.1

NEWS

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

HOPFED BANCORP REPORTS THIRD QUARTER RESULTS

HOPKINSVILLE, Ky. (October 26, 2004) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the three-month and the nine-month periods ended September 30, 2004. Net income for the third quarter ended September 30, 2004, was $1,065,000, or $0.29 per share (basic and diluted), compared with net income of $1,046,0000, or $0.29 per share (basic and diluted), for the third quarter in 2003. Net income for the nine months ended September 30, 2004, was $3,053,000, or $0.84 per share (basic) and $0.83 per share (diluted), compared with net income of $2,547,000, or $0.70 per share (basic and diluted), for the nine months ended September 30, 2003.

Commenting on the third quarter results, John E. Peck, president and chief executive officer, said, “The Company’s operating results remain strong despite declines in non-interest income attributable to a decline in mortgage refinancing and higher interest rates. Net interest income primarily improved due to increased income on investment securities and a lower cost of deposits. Management is working to develop new products and services that we anticipate coming on-line in the first quarter of 2005. We anticipate that these new services should enhance non-interest income in 2005.”

At September 30, 2004, total assets increased to $573.1 million compared with $531.5 million at December 31, 2003; deposits increased to $429.1 million compared with $417.5 million at December 31, 2003; while net loans increased to $351.0 million compared with $334.7 million at December 31, 2003.

HopFed Bancorp, Inc. is the 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 risks, 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.

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2700 Fort Campbell Boulevard, Hopkinsville, KY 42240

HFBC Announces Third Quarter Results

Page 2

October 26, 2004

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2004		2003		2004		2003
Earnings Summary
Interest income on loans	$	4,842	$	4,868	$	14,375	$	14,442
Interest income on taxable investments		1,663		1,170		4,497		3,405
Interest income on non taxable investments		258		194		758		434
Interest income on time deposits		6		5		15		53
Total interest income		6,769		6,237		19,645		18,334
Interest expense on deposits		2,420		2,732		7,205		8,284
Interest on subordinated debentures		119		7		330		7
Interest expense on borrowed funds		623		353		1,634		930
Total interest expense		3,162		3,092		9,169		9,221
Net interest income		3,607		3,145		10,476		9,113
Provision for loan losses		300		450		900		1,300
Net interest income after provision for loan losses		3,307		2,695		9,576		7,813
Non-interest income:
Gain on sale of investments		125		156		300		528
Gain on sale of loans		14		153		70		531
Loan fees		146		120		414		321
Service charges on deposits		347		292		979		889
Other		214		162		578		534
Total non-interest income		846		883		2,341		2,803
Non-interest expense:
Salaries and benefits		1,340		1,092		3,868		4,062
Occupancy expense		187		162		531		537
Data processing		229		151		646		464
State deposit taxes		117		96		338		287
Intangible amortization		95		94		305		305
Loss on sale of fixed assets		—		—		7		—
Other operating expenses		609		437		1,672		1,212
Total non-interest expense		2,577		2,032		7,367		6,867
Net income before income taxes		1,576		1,546		4,550		3,749
Federal income tax expense		511		500		1,497		1,202
Net income	$	1,065	$	1,046	$	3,053	$	2,547
Earnings per share - basic	$	0.29	$	0.29	$	0.84	$	0.70
Earnings per share - diluted	$	0.29	$	0.29	$	0.83	$	0.70
Dividend per share	$	0.12	$	0.12	$	0.36	$	0.35
Weighted average shares outstanding – basic		3,638,152		3,630,396		3,633,379		3,630,396
Weighted average shares outstanding – diluted		3,665,525		3,657,996		3,662,276		3,653,740

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HFBC Announces Third Quarter Results

Page 3

October 26, 2004

	As of
	September 30, 2004		December 31, 2003
Total assets	$	573,079	$	531,465
Loans receivable, gross		354,133		337,316
Securities available for sale		146,036		143,514
Securities held to maturity		27,936		15,108
Allowance for loan losses		3,175		2,576
Total deposits		429,085		417,488
Total borrowings		92,030		64,663
Stockholders’ equity		49,025		47,238
Book value	$	13.47	$	13.01

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