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Investments In Affiliated Companies
9 Months Ended
Sep. 30, 2011
Investments In Affiliated Companies [Abstract] 
Investments In Affiliated Companies
(7) INVESTMENTS IN AFFILIATED COMPANIES

Investments in affiliated companies accounted for under the equity method consist of 100% of the common stock of HopFed Capital Trust 1 ("Trust"), a wholly-owned statutory business trust. The Trust was formed on September 25, 2003. Summary financial information for the Trust follows (dollars in thousands):

 

                 
Summary Statements of Financial Condition    At
September 30, 2011
     At
December 31, 2010
 
     

Asset - investment in subordinated debentures issued by HopFed Bancorp, Inc.

   $ 10,310         10,310   
    

 

 

    

 

 

 
     

Liabilities

     —           —     
     

Stockholder's equity – trust preferred securities

     10,000         10,000   

Common stock (100% Owned by HopFed Bancorp, Inc.)

     310         310   
    

 

 

    

 

 

 

Total stockholders' equity

   $ 10,310         10,310   
    

 

 

    

 

 

 

 

                                 
Summary Income Statements    Three Month Periods
Ended September 30,
     Nine Month Periods
Ended September 30,
 
     2011      2010      2011      2010  

Income – interest income from subordinated debentures issued by HopFed Bancorp, Inc.

   $ 91         95       $ 265         270   
    

 

 

    

 

 

    

 

 

    

 

 

 

Net income

   $ 91         95       $ 265         270   
    

 

 

    

 

 

    

 

 

    

 

 

 

Summary Statement of Stockholders' Equity

 

                                 
     Trust
Preferred
Securities
     Common
Stock
     Retained
Earnings
    Total
Stockholders'
Equity
 
         

Beginning balances, December 31, 2010

   $ 10,000         310         —          10,310   

Net income

     —           —           265        265   

Dividends:

                                  

Trust preferred securities

     —           —           (257     (257

Common paid to HopFed Bancorp, Inc.

     —           —           (8     (8
    

 

 

    

 

 

    

 

 

   

 

 

 

Ending balances, September 30, 2011

   $ 10,000         310         —          10,310