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 24, 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 October 24, 2007, the Registrant announced its results of operations for the third quarter and the nine-month period ended September 30, 2007.

A copy of the related press release, dated October 24, 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 October 24, 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: October 25, 2007	By:	/s/ John E. Peck
		John E. Peck
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated October 24, 2007.

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 24, 2007) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”) today reported results for the three and nine-month periods ended September 30, 2007. Net income for the third quarter ended September 30, 2007, was $1,025,000, or $0.29 per share basic and $0.28 per share diluted, compared to $1,012,000, or $0.28 per share (basic and diluted), for the third quarter in 2006. Net income for the nine months ended September 30, 2007, was $3,155,000, or $0.87 per share (basic and diluted), compared with $3,062,000, or $0.84 per share (basic and diluted), for the nine months ended September 30, 2006.

Commenting on the third quarter and year to date results, John E. Peck, president and chief executive officer, said, “For the three and nine month periods ended September 30, 2007, the Company’s loan portfolio grew by more than $27.2 million and $63.2 million, respectively. Providing funding for third quarter loan growth resulted in five basis point reduction in the Company’s year to date net interest margin as compared to the second quarter 2007. However, the Company’s net interest margin remains twenty-two basis points higher as compared to the net interest margin for the year ended December 31, 2006.”

Mr. Peck continued, “For the first nine months in 2007, non-interest income increased $1.4 million compared to the same period last year. This growth is the result of a number of factors, the most important being an increase in service charge and merchant card income, increasing by almost $800,000 in 2007 over the same period in 2006. For the first nine months in 2007, the Company’s fee income from its financial services division increased by more than $400,000 as compared to the first nine months in 2006.

“In addition, the Company’s three retail locations in Clarksville, Tennessee and one new retail location in Murray, Kentucky have been well received by both new and current customers. The Company’s growth has largely been fueled by the addition of new retail locations in both new and current markets. The Company has completed its immediate goals for expanding its retail presence. Management believes that the Company’s current infrastructure is sufficient to accommodate significant organic growth.”

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.

HOPFED BANCORP, INC.

Selected Financial Data

(In thousands, except share and per share data)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2007		2006		2007		2006
Earnings Summary
Interest income on loans	$	10,397	$	8,712	$	30,130	$	22,762
Interest income on taxable investments		1,772		2,106		5,603		5,870
Interest income on non taxable investments		129		127		374		401
Interest income on time deposits		93		30		347		103
Total interest income		12,391		10,975		36,454		29,136
Interest expense on deposits		5,635		4,465		16,484		11,845
Interest on subordinated debentures		192		194		587		542
Interest on repurchase agreements		402		236		979		357
Interest expense on borrowed funds		1,145		1,420		3,259		3,631
Total interest expense		7,374		6,315		21,309		16,375
Net interest income		5,017		4,660		15,145		12,761
Provision for loan losses		224		312		702		729
Net interest income after provision for loan losses		4,793		4,348		14,443		12,032
Non-interest income:
Income from financial services		293		189		879		442
Gain on sale of investments		—		—		—		42
Gain on sale of loans		30		47		82		110
Service charges		1,076		1,052		2,968		2,326
Income from bank owned life insurance		77		70		247		200
Merchant card income		125		103		361		217
Other		276		242		847		674
Total non-interest income		1,877		1,703		5,384		4,011

HOPFED BANCORP, INC.

Selected Financial Data

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2007		2006		2007		2006
Non-interest expense:
Salaries and benefits		2,729		2,346		7,927		5,868
Intangible amortization		224		240		705		430
Occupancy expense		684		476		1,945		1,135
Data processing		477		455		1,359		1,112
Advertising expense		236		214		741		555
Professional services expense		337		375		1,113		1,109
State deposit taxes		145		116		411		346
Postage and communications expense		150		122		398		305
Office supplies expense		87		126		270		263
Other operating expenses		165		151		506		554
Total non-interest expense		5,234		4,621		15,375		11,677
Net income before income taxes		1,436		1,430		4,452		4,366
Income tax expense		411		418		1,297		1,304
Net income	$	1,025	$	1,012	$	3,155	$	3,062
Earnings per share – basic	$	0.29	$	0.28	$	0.87	$	0.84
Earnings per share – diluted	$	0.28	$	0.28	$	0.87	$	0.84
Dividend per share		0.12	$	0.12	$	0.36	$	0.36
Weighted average shares outstanding – Basic		3,584,053		3,637,288		3,607,870		3,634,362
Weighted average shares outstanding – Diluted		3,607,093		3,663,883		3,628,455		3,656,872

	As of
	September 30, 2007			December 31, 2006
Total assets	$	796,406		$	770,888
Loans receivable, gross		562,916			499,438
Securities available for sale		139,525			183,339
Required investment in FHLB stock		3,836			3,639
Securities held to maturity		17,918			18,018
Allowance for loan losses		4,840			4,470
Total deposits		582,262			569,433
Total borrowings		112,590			113,621
Stockholders’ equity		54,450			52,270
Repurchase agreements		41,722			21,236
Book value	$	15.12		$	14.41
Allowance for loan loss / Gross loans		0.86	%		0.90	%
Non performing assets / Total assets		0.14	%		0.16	%
Non accrual loans / Total loans		0.13	%		0.17	%
Tax equivalent net yield on interest earning assets		2.93	%		2.71	%