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): July 30, 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 July 30, 2007, the Registrant announced its results of operations for the second quarter and the six-month period ended June 30, 2007.

A copy of the related press release, dated July 30, 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 July 30, 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: July 30, 2007	By:	/s/ John E. Peck
		John E. Peck President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated July 30, 2007.

EX-99.1

NEWS

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

HOPFED BANCORP REPORTS SECOND QUARTER RESULTS

HOPKINSVILLE, Ky. (July 30, 2007) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the second quarter and the six-month period ended June 30, 2007. Net income for the second quarter ended June 30, 2007, was $1,108,000, or $0.31 per share (basic and diluted), compared to $849,000, or $0.23 per share (basic and diluted), for the second quarter in 2006. Net income for the six months ended June 30, 2007, was $2,130,000, or $0.59 per share (basic and diluted), compared with $2,050,000, or $0.56 per share (basic and diluted), for the six months ended June 30, 2006.

Commenting on the second quarter results, John E. Peck, president and chief executive officer, said, “For the first six months in 2007, the Company’s loan portfolio grew by more than $35.8 million. The Company funded the majority of its loan growth through the cash flow provided by its investment portfolio. Despite a difficult interest rate environment, the conversion of earning assets from investments to loans has helped to improve the Company’s tax equivalent net interest margin to 2.98% for the six month period ended June 30, 2007, compared to a tax equivalent net interest margin of 2.73% for the six month period ended June 30, 2006, and 2.71% for the year ended December 31, 2006. The continued improvement of the Company’s net interest margin will be more dependent on its ability to grow its core deposit business.”

Mr. Peck continued, “For the first six months in 2007, non-interest income increased $1.2 million over the first six months in 2006. This growth is the result of a number of factors, the most important being an increase in the number and balances of checking accounts, resulting in an increase in service charges and merchant card income. For the first six months in 2007, the Company’s fee income from its financial services division has doubled over the same period in 2006.

“In addition, the Company’s recent entry into Clarksville, Tennessee has been well received by both new and current customers. The Company’s focus in this market continues to be providing support for its loan customers as well as growing both the dollar volume and number of checking accounts. In August of 2007, the Company anticipates opening its third Clarksville retail office at 322 Main Street. Clarksville is one of the fastest growing communities in the country and management remains excited about our growth prospects in Clarksville.”

“On June 29, 2007, the Company celebrated the one year anniversary of its acquisition of four retail offices in Cheatham and Houston counties in middle Tennessee. The Company’s successful entry in this market can be attributed to the enthusiasm of the employees and customers for the return of community banking in Cheatham and Houston counties.”

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

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.

The Company is providing selected financial information for the periods ended June 30, 2007 and December 31, 2006. All dollars are in thousands:

	June 30, 2007			December 31, 2006
Total assets	$	768,642		$	770,888
Loans receivable, gross		535,508			499,438
Securities available for sale		146,504			183,339
Required investment in FHLB stock		3,899			3,639
Securities held to maturity		17,943			18,018
Allowance for loan loss		4,728			4,470
Total deposits		578,880			569,433
Repurchase agreements		25,810			21,236
Total borrowings		106,984			113,621
Stockholders’ equity		52,677			52,270
Book value	$	14.57		$	14.41
Allowance for loan loss / Gross loans		0.88	%		0.90	%
Non performing loans / Total assets		0.12	%		0.16	%
Non accrual loans / Total loans		0.11	%		0.17	%
Tax equivalent net yield on interest earning assets		2.98	%		2.71	%

The Company is providing selected information from its Statement of Operations for the three and six month periods ended June 30, 2007 and June 30, 2006. All dollars are in thousands:

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except share and per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2007		2006		2007		2006
Earnings Summary
Interest income on loans	$	10,213	$	7,334	$	19,733	$	14,050
Interest income on taxable investments		1,864		1,882		3,831		3,764
Interest income on non-taxable investments		123		128		245		274
Interest income on time deposits		83		38		254		73
Total Interest income		12,283		9,382		24,063		18,161
Interest expense on deposits		5,529		3,854		10,849		7,380
Interest expense on subordinated debentures		208		181		395		348
Interest expense on repurchase agreements		328		121		576		121
Interest expense on borrowed funds		1,013		1,208		2,114		2,211
Total interest expense		7,078		5,364		13,934		10,060
Net interest income		5,205		4,018		10,129		8,101
Provision for loan loss		238		204		478		417
Net interest income after provision for loan loss		4,967		3,814		9,651		7,684
Non-interest income:
Income from financial services		284		162		585		253
Gain on sale of investments		—		19		—		42
Gain on sale of loans		25		35		52		63
Service charges		1,000		694		1,892		1,274
Income from bank owned life insurance		77		65		170		130
Merchant card income		117		56		236		115
Other income		263		230		572		431
Total non-interest income		1,766		1,261		3,507		2,308

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except share and per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2007		2006		2007		2006
Non-interest expense:
Salaries and benefits		2,609		1,827		5,198		3,522
Intangible amortization		240		95		481		190
Occupancy expense		649		363		1,262		659
Data processing		452		322		882		657
Advertising expense		252		212		505		341
Professional services expense		406		487		776		734
State deposit taxes		138		115		266		230
Postage and communications expense		121		92		247		183
Office supplies expense		81		86		183		138
Other operating expenses		205		288		341		402
Total non-interest expense		5,153		3,887		10,141		7,056
Net income before income taxes		1,580		1,188		3,017		2,936
Income tax expense		472		339		887		886
Net income	$	1,108	$	849	$	2,130	$	2,050
Earnings per share - basic	$	0.31	$	0.23	$	0.59	$	0.56
Earnings per share - diluted	$	0.31	$	0.23	$	0.59	$	0.56
Dividends per share	$	0.12	$	0.12	$	0.24	$	0.24
Weighted average shares outstanding - basic		3,587,722		3,650,279		3,609,268		3,649,679
Weighted average shares outstanding - diluted		3,612,311		3,675,735		3,634,221		3,675,028

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