Exhibit 99.1

NEWS

FOR IMMEDIATE RELEASE	CONTACT:	John E. Peck
		President and CEO
		(270) 887-2999

HOPFED BANCORP REPORTS SECOND QUARTER RESULTS

HOPKINSVILLE, Ky. (August 3, 2006) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the second quarter and the six-month period ended June 30, 2006. Net income for the second quarter ended June 30, 2006, was $849,000, or $0.23 per share diluted, compared to $1,065,000, or $0.29 per share diluted, for the second quarter in 2005. Net income for the six months ended June 30, 2006, was $2,050,000, or $0.56 per share diluted, compared with $2,058,000, or $0.56 per share diluted, for the six months ended June 30, 2005.

Commenting on the second quarter results, John E. Peck, president and chief executive officer, said, “For the first six months in 2006, the Company’s pre-acquisition loan portfolio growth was over $40 million, or 10%. Furthermore, the Company continues to grow its non-interest income. Excluding gains on the sale of investments, non-interest income for the six-month period ending June 30, 2006 increased approximately $350,000, or 18%, as compared to the same period in 2005. Improvements in this area have been fueled by increased deposit fee income, fees associated with loan production and income generated by the addition of a full service mortgage origination business in April 2006.

“The Company is excited about its recent acquisitions of four offices in Middle Tennessee. Three of the offices lie within the fast growing Nashville Metropolitan Statistical Area and all four provide a highly desirable mix of loans and core deposits. The Company’s second quarter and year to date results included a $307,000 charge for expenses related to the acquisition of these offices. Net of taxes, this charge reduced net income for the second quarter and six-month period ended June 30, 2006 by approximately $210,000, or $0.05 per share diluted.

“The Company’s net interest margin has improved slightly over the same period last year but has declined in the last three months due to an increasingly flat yield curve, competitive deposit environment, and increasing reliance on borrowed money.

“In addition, at June 30, 2006, total assets increased to $748.0 million compared with $639.6 million at December 31, 2005, deposits increased to $540.2 million compared with $482.7 million at December 31, 2005, while net loans increased to $472.9 million compared with $397.3 million at December 31, 2005.”

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4155 Lafayette Road, Hopkinsville, KY 42240

HFBC Announces Second Quarter Results

Page 2

August 3, 2006

HopFed Bancorp, Inc. is a holding company for Heritage Bank headquartered in Hopkinsville, Kentucky. The Bank has fourteen offices in western Kentucky and middle Tennessee as well as Fall & Fall Insurance of Fulton, Kentucky, Heritage Solutions of Murray, Kentucky, and Heritage Mortgage Services of Clarksville, Tennessee. 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.

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except share and per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2006		2005		2006		2005
Earnings Summary
Interest income on loans	$	7,334	$	5,189	$	14,050	$	10,189
Interest income on taxable investments		1,882		1,578		3,764		3,185
Interest income on non taxable investments		128		162		274		370
Interest income on time deposits		38		7		73		17
Total interest income		9,382		6,936		18,161		13,761
Interest expense on deposits		3,854		2,699		7,380		5,268
Interest on subordinated debentures		181		166		348		333
Interest on repurchase agreements		121		—		121		—
Interest expense on borrowed funds		1,208		699		2,211		1,381
Total interest expense		5,364		3,564		10,060		6,982
Net interest income		4,018		3,372		8,101		6,779
Provision for loan losses		204		300		417		600
Net interest income after provision for loan losses		3,814		3,072		7,684		6,179
Non-interest income:
Income from financial services		162		98		253		298
Gain on sale of investments		19		363		42		363
Gain on sale of loans		35		54		63		65
Service charges		694		566		1,274		1,096
Income from bank owned life insurance		65		66		130		134
Other		286		164		546		323
Total non-interest income		1,261		1,311		2,308		2,279

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HFBC Announces Second Quarter Results

Page 3

August 3, 2006

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except share, per share and percentages)

	Three Months Ended June 30,				Six Months Ended June 30,
	2006		2005		2006		2005
Non-interest expense:
Salaries and benefits		1,827		1,447		3,522		2,880
Intangible amortization		95		95		190		190
Occupancy expense		363		260		659		484
Data processing		322		238		657		519
Advertising expense		212		199		341		339
Professional services expense		487		166		734		326
State deposit taxes		115		121		230		229
Other operating expenses		466		330		723		553
Total non-interest expense		3,887		2,856		7,056		5,520
Net income before income taxes		1,188		1,527		2,936		2,938
Federal income tax expense		339		462		886		880
Net income	$	849	$	1,065	$	2,050	$	2,058
Earnings per share – basic	$	0.23	$	0.29	$	0.56	$	0.57
Earnings per share – diluted	$	0.23	$	0.29	$	0.56	$	0.56
Dividend per share	$	0.12	$	0.12	$	0.24	$	0.24
Weighted average shares outstanding – Basic		3,650,279		3,640,706		3,649,679		3,639,999
Weighted average shares outstanding – Diluted		3,675,735		3,666,305		3,675,028		3,666,848

	As of
	June 30, 2006			December 31, 2005
Total assets	$	748,030		$	639,589
Loans receivable, gross		477,103			401,314
Securities available for sale		170,696			172,890
Required investment in FHLB stock		3,533			3,211
Securities held to maturity		18,096			18,183
Allowance for loan losses		4,189			4,004
Total deposits		540,227			482,728
Total borrowings		154,262			103,482
Stockholders’ equity		49,486			49,842
Book value	$	13.52		$	13.66
Allowance for loan loss / Gross loans		0.88	%		1.00	%
Non performing assets / Total assets		0.15	%		0.19	%
Non accrual loans / Total loans		0.14	%		0.25	%

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