Exhibit 99.1

NEWS

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

HOPFED BANCORP REPORTS FOURTH QUARTER AND 2004 ANNUAL RESULTS

HOPKINSVILLE, Ky. (January 31, 2005) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the three-month and the twelve-month periods ended December 31, 2004. Net income for the fourth quarter ended December 31, 2004, was $938,000, or $0.26 per share (basic and diluted), compared with net income of $948,000, or $0.26 per share (basic and diluted), for the fourth quarter in 2003. Net income for the twelve months ended December 31, 2004, was $3,991,000, or $1.10 per share (basic) and $1.09 per share (diluted), compared with net income of $3,495,000, or $0.96 per share (basic and diluted), for the twelve months ended December 31, 2003.

Commenting on the fourth quarter results, John E. Peck, president and chief executive officer, said, “Early in the fourth quarter, the Company extended select liabilities in anticipation of rising rates and saw rate pressures on short-term deposits, resulting in a small decline in the Company’s net interest margin. Operating expenses have increased due to several factors, including hiring additional staff and outside service providers to assist the Company in Sarbanes-Oxley compliance. Despite these challenges, net income remains relatively unchanged over the same period last year. At December 31, 2004, total assets increased to $579.7 million compared with $531.5 million at December 31, 2003; deposits increased to $436.2 million compared with $417.5 million at December 31, 2003; while net loans increased to $356.8 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 Fourth Quarter Results

Page 6

January 31, 2005

HOPFED BANCORP, INC.

ARTICLE I Selected Financial Data

(In thousands, except share and per share data)

ARTICLE II

ARTICLE III

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2004		2003		2004		2003
Earnings Summary
Interest income on loans	$	4,931	$	4,817	$	19,307	$	19,332
Interest income on taxable investments		1,542		1,340		6,048		4,663
Interest income on non taxable investments		225		239		983		674
Interest income on time deposits		28		13		43		74
Total interest income		6,726		6,409		26,381		24,743
Interest expense on deposits		2,546		2,611		9,753		10,896
Interest on subordinated debentures		149		112		489		119
Interest expense on borrowed funds		661		435		2,295		1,364
Total interest expense		3,356		3,158		12,537		12,379
Net interest income		3,370		3,251		13,844		12,364
Provision for loan losses		300		450		1,200		1,750
Net interest income after provision for loan losses		3,070		2,801		12,644		10,614
Non-interest income:
Gain on sale of investments		7		18		306		634
Gain on sale of loans		28		207		99		552
Loan fees and servicing		148		119		562		520
Service charges on deposits		323		223		1,302		1,162
Other		189		129		769		631
Total non-interest income		695		696		3,038		3,499
Non-interest expense:
Salaries and benefits		1,299		1,178		5,166		5,241
Occupancy expense		228		162		759		652
Data processing		230		151		876		639
State deposit taxes		79		96		416		383
Intangible amortization		95		102		376		378
Loss on sale of fixed assets		6		—		13		—
Other operating expenses		703		488		2,402		1,751
Total non-interest expense		2,640		2,177		10,008		9,044
Net income before income taxes		1,125		1,320		5,674		5,069
Federal income tax expense		187		372		1,683		1,574
Net income	$	938	$	948	$	3,991	$	3,495
Earnings per share - basic	$	0.26	$	0.26	$	1.10	$	0.96
Earnings per share - diluted	$	0.26	$	0.26	$	1.09	$	0.96
Dividend per share	$	0.12	$	0.12	$	0.48	$	0.47
Weighted average shares outstanding – basic		3,639,283		3,630,396		3,634,904		3,630,396
Weighted average shares outstanding – diluted		3,667,646		3,653,974		3,663,751		3,653,974

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HFBC Announces Fourth Quarter Results

Page 7

January 31, 2005

	As of
	December 31, 2004		December 31, 2003
Total assets	$	579,735	$	531,465
Loans receivable, gross		360,098		337,316
Securities available for sale		158,492		143,514
Securities held to maturity		22,768		15,108
Allowance for loan losses		3,273		2,576
Total deposits		436,194		417,488
Total borrowings		91,628		64,663
Stockholders’ equity		49,373		47,238
Book value	$	13.57	$	13.01

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