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, 2007

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 Road, 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 January 31, 2007, the Registrant announced its results of operations for the fourth quarter and fiscal year ended December 31, 2006.

A copy of the related press release, dated January 31, 2007, 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 January 31, 2007 – 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: February 20, 2007	By:	/s/ John E. Peck
		John E. Peck
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated January 31, 2007.

EX-99.1

Exhibit 99.1

NEWS

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

HOPFED BANCORP REPORTS FOURTH QUARTER RESULTS

HOPKINSVILLE, Ky. (January 31, 2007) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the fourth quarter and the twelve month period ended December 31, 2006. Net income for the fourth quarter ended December 31, 2006, was $895,000, or $0.25 per share basic and diluted, compared with net income of $1,051,000, or $0.29 per share basic and $0.28 per share diluted for the fourth quarter in 2005. Net income for the twelve months ended December 31, 2006, was $3,957,000, or $1.09 per share basic and $1.08 per share diluted, compared with net income of $4,130,000, or $1.13 per share basic and $1.13 per share diluted, for the twelve months ended December 31, 2005.

Commenting on fourth quarter and full year results, John E. Peck, President and Chief Executive Officer stated, “For 2006, the Company’s year to date net income declined $173,000 from the previous year. This decline was influenced by a $328,000 gain on the sale of the Company’s data processing provider in 2005. Despite a very difficult interest rate environment, the Company’s net interest margin improved during the year. Asset quality remains impressive as the Company’s non-performing asset ratio is 0.15% and commercial loan demand is strong.”

Commenting further, Mr. Peck stated, “In 2006, the Company’s focus has been on establishing a market presence in new, fast growing markets. This growth has resulted in an increase in many operating expenses, including intangible amortization, salaries and facilities expense. However, the Company believes its long-term future rest with its ability to participate in the economic growth of the entire region. Therefore, the Company has decided to establish a retail-banking network in areas with the highest growth prospects. The Company’s expansion into new markets is almost complete. On December 15, 2006, the Company opened its first retail banking office in Clarksville, Tennessee, and plans on opening two more offices late in the second quarter. The Company’s purchase of four offices from AmSouth in June 2006 has resulted in improved levels of liquidity and non-interest income.

“In addition, at December 31, 2006, total assets increased to $770.9 million compared with $639.6 million at December 31, 2005, deposits increased to $569.4 million compared with $482.7 million at December 31, 2005, while net loans increased to $495.0 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 fifteen offices in western Kentucky and Middle Tennessee, Fall & Fall Insurance of Fulton, Kentucky, Heritage Solutions located in Murray, Kentucky, and Dickson, Tennessee, 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 Fourth Quarter Results

Page 2

January 31, 2007

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 December 31,				Twelve Months Ended December 31,
	2006		2005		2006		2005
Earnings Summary
Interest income on loans	$	9,099	$	6,183	$	31,861	$	22,006
Interest income on taxable investments		2,065		1,911		7,935		6,868
Interest income on non taxable investments		125		156		526		673
Interest income on time deposits		243		39		346		119
Total interest income		11,532		8,289		40,668		29,666
Interest expense on deposits		5,060		3,484		16,905		11,909
Interest on subordinated debentures		192		173		734		680
Interest on repurchase agreements		196		—		553		—
Interest on borrowed funds		1,390		818		5,021		2,885
Total interest expense		6,838		4,475		23,213		15,474
Net interest income		4,694		3,814		17,455		14,192
Provision for loan losses		294		350		1,023		1,250
Net interest income after provision for loan losses		4,400		3,464		16,432		12,942
Non-interest income:
Gain on sale of investments		9		—		51		379
Gain on sale of loans		31		28		141		138
Service charges		996		868		3,322		2,462
Income from financial services		290		79		732		498
Income from Bank owned life insurance		63		64		263		260
Other		365		249		1,256		795
Total non-interest income		1,754		1,288		5,765		4,532

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HFBC Reports Fourth Quarter Results

Page 3

January 31, 2007

HOPFED BANCORP, INC.

Selected Financial Data

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

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2006		2005		2006		2005
Non-interest expense:
Salaries and benefits	$	2,412	$	1,535	$	8,280	$	5,906
Occupancy expense		591		318		1,726		1,038
Data processing expense		444		294		1,556		1,115
State deposit tax expense		119		83		465		437
Intangible amortization		240		94		670		378
Advertising expense		206		130		761		620
Professional services expense		387		334		1,496		855
Other operating expenses		438		493		1,560		1,251
Total non-interest expense		4,837		3,281		16,514		11,600
Net income before income taxes		1,317		1,471		5,683		5,874
Income tax expense		422		420		1,726		1,744
Net income		895		1,051		3,957		4,130
Earnings per share—basic	$	0.25	$	0.29	$	1.09	$	1.13
Earnings per share—diluted	$	0.25	$	0.28	$	1.08	$	1.13
Dividend per share	$	0.12	$	0.12	$	0.48	$	0.48
Weighted average shares outstanding—Basic		3,621,572		3,648,670		3,634,138		3,644,178
Weighted average shares outstanding—Fully diluted		3,647,419		3,673,565		3,659,666		3,669,918

	As of
	December 31, 2006			December 31, 2005
Total assets	$	770,888		$	639,589
Loans, receivable, gross		499,438			401,314
Securities available for sale		183,339			172,890
Required investment in FHLB stock		3,639			3,211
Securities held to maturity		18,018			18,183
Allowance for loan losses		4,470			4,004
Total deposits		569,432			482,728
Total borrowings		123,931			103,482
Stockholder’s equity		52,319			49,842
Book value	$	14.42		$	13.66
Allowance for loan loss/Gross loans		0.89	%		1.00	%
Non performing assets/Total assets		0.15	%		0.19	%
Non accrual or 90 days past due/Total loans		0.14	%		0.25	%

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