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): January 31, 2006

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 January 31, 2006, the Registrant announced its results of operations for the quarter and fiscal year ended December 31, 2005. 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.
Dated: January 31, 2006	By:	/s/ John E. Peck
		John E. Peck
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated January 31, 2006 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 FOURTH QUARTER AND 2005 ANNUAL RESULTS

HOPKINSVILLE, Ky. (January 31, 2006) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the three-month and the twelve-month periods ended December 31, 2005. Net income for the fourth quarter ended December 31, 2005, was $1,051,000, or $0.29 per share (basic) and $0.28 per share (diluted), compared with net income of $938,000, or $0.26 per share (basic and diluted), for the fourth quarter in 2004. Net income for the twelve months ended December 31, 2005, was $4,130,000, or $1.13 per share (basic) and $1.12 per share (diluted), compared with net income of $3,991,000, or $1.10 per share (basic) and $1.09 (diluted), for the twelve months ended December 31, 2004.

Commenting on the fourth quarter results, John E. Peck, president and chief executive officer, said, “The loan portfolio grew by $23 million in the fourth quarter, exceeding our net loan growth in the three previous quarters combined. The majority of the portfolio’s growth was in commercial real estate and construction loans. The Company is hopeful that loan growth will remain robust as we expand into Clarksville, Tennessee, approximately 20 miles south of the Company’s headquarters. As compared to the Company’s current markets, the Clarksville market is significantly larger than each of the Company’s current markets, with favorable growth, income, and demographic characteristics. In 2006, the Company anticipates building two retail offices in Clarksville.”

Largely due to the growth in the Company’s loan portfolio and non-interest income, fourth quarter net income has improved significantly over the same period last year. At December 31, 2005, total assets increased to $639.6 million compared with $579.7 million at December 31, 2004; deposits increased to $482.7 million compared with $436.2 million at December 31, 2004; while net loans increased to $397.3 million compared with $356.8 million at December 31, 2004.”

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.

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2700 Fort Campbell Boulevard, Hopkinsville, KY 42240

HFBC Announces Fourth Quarter Results

Page 2

January 31, 2006

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.

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except share and per share data)

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2005		2004		2005		2004
Earnings Summary
Interest income on loans	$	6,183	$	4,931	$	22,006	$	19,307
Interest income on taxable investments		1,911		1,542		6,868		6,048
Interest income on non taxable investments		156		225		673		983
Interest income on time deposits		39		28		119		43
Total interest income		8,289		6,726		29,666		26,381
Interest expense on deposits		3,484		2,546		11,909		9,753
Interest on subordinated debentures		173		149		680		489
Interest expense on borrowed funds		818		661		2,885		2,295
Total interest expense		4,475		3,356		15,474		12,537
Net interest income		3,814		3,370		14,192		13,844
Provision for loan losses		350		300		1,250		1,200
Net interest income after provision for loan losses		3,464		3,070		12,942		12,644
Non-interest income:
Gain on sale of investments		—		7		379		306
Gain on sale of loans		28		28		138		99
Service charges		868		323		2,462		1,302
Income from bank owned life insurance		64		64		260		268
Income from financial service subsidiaries		79		116		498		429
Other		249		157		795		634
Total non-interest income		1,288		695		4,532		3,038
Non-interest expense:
Salaries and benefits		1,535		1,299		5,906		5,166
Occupancy expense		318		228		1,038		759
Data processing		294		230		1,115		876
State deposit taxes		83		79		437		417
Intangible amortization		94		95		378		378
Advertising expense		130		192		620		600
Professional services		334		109		855		542
Other operating expenses		493		408		1,251		1,270
Total non-interest expense		3,281		2,640		11,600		10,008

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HFBC Announces Fourth Quarter Results

Page 3

January 31, 2006

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2005		2004		2005		2004
Net income before income taxes		1,471		1,125		5,874		5,674
Income tax expense		420		187		1,744		1,683
Net income	$	1,051	$	938	$	4,130	$	3,991
Earnings per share - basic	$	0.29	$	0.26	$	1.13	$	1.10
Earnings per share - diluted	$	0.28	$	0.26	$	1.12	$	1.09
Dividend per share	$	0.12	$	0.12	$	0.48	$	0.48
Weighted average shares outstanding – basic		3,648,670		3,639,283		3,644,178		3,634,904
Weighted average shares outstanding – diluted		3,673,565		3,667,646		3,669,776		3,663,751

	As of
	December 31, 2005			December 31, 2004
Total assets	$	639,589		$	579,735
Loans receivable, gross		401,314			360,098
Securities available for sale		172,890			155,166
Required investment in FHLB stock		3,211			3,015
Securities held to maturity		18,183			22,768
Allowance for loan losses		4,004			3,273
Total deposits		482,728			436,195
Total borrowings		103,482			91,629
Stockholders’ equity		49,842			49,373
Book value	$	13.66		$	13.57
Allowance for loan loss / Gross loans		1.00	%		0.91	%
Non-performing assets / Total assets		0.19	%		0.13	%
Non-accrual or 90 days past due / Total loans		0.25	%		0.18	%

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