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 30, 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.)

4155 Lafayette Rd., Hopkinsville, Kentucky 42240

(Address of Principal Executive Offices)

(270) 887-2999

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 30, 2006, the Registrant announced its results of operations for the third quarter ended September 30, 2006.

A copy of the related press release, dated October 30, 2006, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits.

99.1 Press Release dated October 30, 2006 – 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: October 30, 2006	By:	/s/ John E. Peck
		John E. Peck
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated October 30, 2006.

EX-99.1

Exhibit 99.1

NEWS

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

HOPFED BANCORP REPORTS THIRD QUARTER RESULTS

HOPKINSVILLE, Ky. (October 30, 2006) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the third quarter and the nine-month period ended September 30, 2006. Net income for the third quarter ended September 30, 2006, was $1,012,000, or $0.28 per share basic and $0.27 per share diluted, compared with net income of $1,021,000, or $0.28 per share basic and diluted for the third quarter in 2005. Net income for the nine months ended September 30, 2006, was $3,062,000, or $0.84 per share basic and $0.83 diluted, compared with net income of $3,079,000, or $0.85 per share basic and $0.84 per share diluted, for the nine months ended September 30, 2005.

Commenting on the third quarter results, John E. Peck, president and chief executive officer, said, “The Company’s most significant accomplishment in the third quarter was the successful integration of four retail offices acquired in Cheatham and Houston Counties in middle Tennessee on June 29, 2006. These offices provide the Company with a solid foundation to expand further into the Nashville, Tennessee metropolitan statistical area.

Commenting further, Mr. Peck stated, “The Company’s year to date net income is relatively unchanged over the previous year, which was significantly influenced by gains on the sale of investments experienced in April of 2005. The Company continues to see an improvement in non-interest income from service charges on loans and deposits. The Company continues to experience challenges in gathering deposits to meet commercial loan demand, which remains strong. As a result, interest rate margins remain under pressure. The Company is utilizing numerous sources to fund loan demand, including Federal Home Loan Bank advances, brokered deposits, and public funds. The Company continues to expand its network of retail offices and ATM to take advantage of current and future growth opportunities and to enhance its ability to growth demand deposit accounts.

“In addition, at September 30, 2006, total assets increased to $759.1 million compared with $639.6 million at December 31, 2005, deposits increased to $552.4 million compared with $482.7 million at December 31, 2005, while net loans increased to $487.6 million compared with $397.3 million at December 31, 2005.”

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, 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.

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4155 Lafayette Road, Hopkinsville, KY 42240

HFBC Reports Third Quarter Results

Page 2

October 30, 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

(Dollars in thousands, except share and per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2006		2005		2006		2005
Earnings Summary
Interest income on loans	$	8,712	$	5,634	$	22,762	$	15,823
Interest income on taxable investments		2,106		1,772		5,870		4,957
Interest income on non taxable investments		127		147		401		517
Interest income on time deposits		30		63		103		80
Total interest income		10,975		7,616		29,136		21,377
Interest expense on deposits		4,465		3,157		11,845		8,425
Interest on subordinated debentures		194		174		542		507
Interest on repurchase agreements		236		—		357		—
Interest on borrowed funds		1,420		686		3,631		2,067
Total interest expense		6,315		4,017		16,375		10,999
Net interest income		4,660		3,599		12,761		10,378
Provision for loan losses		312		300		729		900
Net interest income after provision for loan losses		4,348		3,299		12,032		9,478
Non-interest income:
Gain on sale of investments		—		16		42		379
Gain on sale of loans		47		45		110		110
Service charges		1,052		498		2,326		1,594
Income from financial services		189		121		442		419
Income from Bank owned life insurance		70		62		200		196
Other		345		228		891		551
Total non-interest income		1,703		970		4,011		3,249

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HFBC Reports Third Quarter Results

Page 3

October 30, 2006

HOPFED BANCORP, INC.

Selected Financial Data

(Dollars in thousands, except share and per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2006		2005		2006		2005
Non-interest expense:
Salaries and benefits		2,346		1,491		5,868		4,371
Intangible amortization		240		94		430		284
Occupancy expense		476		236		1,135		720
Data processing		455		302		1,112		821
State deposit taxes		116		125		346		354
Advertising expense		214		151		555		490
Professional services expense		375		181		1,109		507
Other operating expenses		399		218		1,122		771
Total non-interest expense		4,621		2,798		11,677		8,318
Net income before income taxes		1,430		1,471		4,366		4,409
Federal income tax expense		418		450		1,304		1,330
Net income		1,012		1,021		3,062		3,079
Earnings per share - basic	$	0.28	$	0.28	$	0.84	$	0.85
Earnings per share - diluted	$	0.27	$	0.28	$	0.83	$	0.84
Dividend per share	$	0.12	$	0.12	$	0.36	$	0.36
Weighted average shares outstanding - Basic		3,660,109		3,647,917		3,653,310		3,642,667
Weighted average shares outstanding - Diluted		3,685,601		3,672,394		3,678,731		3,668,724

	As of
	September 30, 2006			December 31, 2005
Total assets	$	759,072		$	639,589
Loans, receivable, gross		491,950			401,314
Securities available for sale		174,742			172,890
Required investment in FHLB stock		3,585			3,211
Securities held to maturity		18,066			18,183
Allowance for loan losses		4,349			4,004
Total deposits		552,393			482,728
Total borrowings		125,527			103,482
Stockholder’s equity		52,207			49,842
Book value	$	14.26		$	13.66
Allowance for loan loss/Gross loans		0.88	%		1.00	%
Non performing assets/Total assets		0.15	%		0.19	%
Non accrual or 90 days past due/Total loans		0.16	%		0.25	%

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