10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2015

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 000-23667

HOPFED BANCORP, INC.

(Exact name of registrant as specified in its charter)

Delaware	61-1322555
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

4155 Lafayette Road, Hopkinsville, Kentucky	42240
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (270) 885-1171

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past ninety days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Date File required and posted pursuant to Rule 405 of Regulation S-T (subsection 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x     No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated file or a non-accelerated filer. See definition of “accelerated filer”, “large accelerated filer” and “smaller reporting company” in Rule12b-2 of the Exchange Act: (Check one)

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨	Smaller reporting company filer	¨

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x.

As of May 7, 2015, the Registrant had outstanding 7,046,244 shares of the Registrant’s Common stock.

CONTENTS

HOPFED BANCORP, INC.

		PAGE
PART I. FINANCIAL INFORMATION
The unaudited consolidated condensed financial statements of the Registrant and its wholly owned subsidiaries are as follows:
Item 1.	Financial Statements
	Consolidated Condensed Statements of Financial Condition as of March 31, 2015 (unaudited) and December  31, 2014		2
	Consolidated Condensed Statements of Income for the Three-Month Periods Ended March 31, 2015, and March  31, 2014 (unaudited)		4
	Consolidated Condensed Statements of Comprehensive Income for the Three-Month Periods Ended March  31, 2015, and March 31, 2014 (unaudited)		6
	Consolidated Condensed Statement of Stockholders’ Equity for the Three-Month Periods Ended March  31, 2015, and March 31, 2014 (unaudited)		7
	Consolidated Condensed Statements of Cash Flows for the Three-Month Periods Ended March 31, 2015, and March 31, 2014 (unaudited)		9
	Notes to Unaudited Consolidated Condensed Financial Statements		10
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		38
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		48
Item 4.	Controls and Procedures		49
PART II OTHER INFORMATION
Item 1.	Legal Proceedings		50
Item 1A.	Risk Factors		50
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		50
Item 3.	Defaults Upon Senior Securities		51
Item 4.	Mine Safety Disclosures		51
Item 5.	Other Information		51
Item 6.	Exhibits		51
SIGNATURES			52

1

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Financial Condition

(Dollars in Thousands)

	March 31, 2015		December 31, 2014
	(Unaudited)
Assets
Cash and due from banks	$	26,150		34,389
Interest-earning deposits		9,599		6,050
Cash and cash equivalents		35,749		40,439
Federal Home Loan Bank stock, at cost		4,428		4,428
Securities available for sale		259,867		303,628
Loans held for sale		2,051		1,444
Loans receivable, net of allowance for loan losses of $6,170 at March 31, 2015, and $6,289 at December 31, 2014		548,740		539,264
Accrued interest receivable		4,228		4,576
Real estate and other assets owned		2,352		1,927
Bank owned life insurance		10,055		9,984
Premises and equipment, net		23,282		22,940
Deferred tax assets		1,092		2,261
Intangible asset		17		33
Other assets		5,245		4,861
Total assets	$	897,106		935,785
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest-bearing accounts	$	110,828		115,051
Interest-bearing accounts
Interest bearing checking accounts		189,882		186,616
Savings and money market accounts		102,284		97,726
Other time deposits		324,215		331,915
Total deposits		727,209		731,308
Advances from Federal Home Loan Bank		19,000		34,000
Repurchase agreements		45,466		57,358
Subordinated debentures		10,310		10,310
Advances from borrowers for taxes and insurance		793		513
Dividends payable		272		301
Accrued expenses and other liabilities		3,180		3,593
Total liabilities		806,230		837,383

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

2

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Financial Condition, Continued

(Dollars in Thousands)

	March 31, 2015			December 31, 2014
	(Unaudited)
Stockholders’ equity
Preferred stock, par value $0.01 per share; authorized - 500,000 shares; no shares issued and outstanding at March 31, 2015, and December 31, 2014.		—			—
Common stock, par value $.01 per share; authorized 15,000,000 shares; 7,949,665 issued and 7,045,941 outstanding at March 31, 2015, and 7,949,665 issued and 7,171,282 outstanding at December 31, 2014		79			79
Additional paid-in-capital		58,515			58,466
Retained earnings		46,827			45,729
Treasury stock - common (at cost, 903,724 shares at March 31, 2015, and 778,383 shares at December 31, 2014)		(11,267	)		(9,429	)
Unallocated ESOP shares (at cost, 600,000 shares at March 31, 2015, and no shares at December 31, 2014)		(7,884	)		—
Accumulated other comprehensive income, net of taxes		4,606			3,557
Total stockholders’ equity		90,876			98,402
Total liabilities and stockholders’ equity	$	897,106			935,785

The consolidated condensed statement of financial condition at December 31, 2014, has been derived from the audited financial statements as of that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

3

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Income

(Dollars in Thousands)

(Unaudited)

	For the Three Month Periods Ended March 31,
	2015		2014
Interest and dividend income
Loans receivable	$	6,290		6,327
Investment in securities, taxable		2,448		1,779
Investment in securities, non-taxable		453		544
Interest-earning deposits		4		8
Total interest and dividend income		9,195		8,658
Interest expense
Deposits		1,260		1,471
Advances from Federal Home Loan Bank		69		434
Repurchase agreements		120		249
Subordinated debentures		184		184
Total interest expense		1,633		2,338
Net interest income		7,562		6,320
Provision for loan losses		215		380
Net interest income after provision for loan losses		7,347		5,940
Non-interest income
Service charges		714		778
Merchant card income		270		259
Mortgage origination revenue		177		58
Gain on sale of securities		366		13
Income from bank owned life insurance		71		95
Financial services commission		159		206
Other operating income		156		189
Total non-interest income		1,913		1,598

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

4

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Income, Continued

(Dollars in Thousands, Except Per Share Amounts)

(Unaudited)

	For the Three Month Periods Ended March 31,
	2015			2014
Non-interest expenses
Salaries and benefits	$	4,184			3,795
Occupancy expense		738			909
Data processing expense		692			728
Other state taxes		248			246
Intangible amortization expense		16			32
Professional services expense		329			287
Deposit insurance and examination expense		117			197
Advertising expense		306			314
Postage and communications expense		132			143
Supplies expense		146			145
Loss (gain) on sale of real estate owned		(7	)		23
Real estate owned expenses		137			130
Other operating expenses		432			375
Total non-interest expense		7,470			7,324
Income before income tax expense		1,790			214
Income tax expense (benefit)		435			(140	)
Net income	$	1,355			354
Net income per share
Basic	$	0.20			0.05
Fully diluted	$	0.20			0.05
Dividend per share	$	0.04			0.04
Weighted average shares outstanding - basic		6,732,456			7,416,716
Weighted average shares outstanding - diluted		6,732,456			7,416,716

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

5

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Comprehensive Income

(Dollars in Thousands)

(Unaudited)

	For the Three Month Periods Ended March 31,
	2015			2014
Net income	$	1,355		$	354
Other comprehensive income, net of tax:
Unrealized gain on investment securities available for sale, net of tax effect of ($632) and ($920) for the three months ended March 31, 2015, and March 31, 2014, respectively;		1,227			1,786
Unrealized gain on derivatives, net of tax effect of ($32) and ($25) for the three month periods ending March 31, 2015, and March 31, 2014, respectively;		64			49
Reclassification adjustment for gains included in net income, net of tax effect of $124 and $4 for the three month periods ended March 31, 2015, and March 31, 2014, respectively;		(242	)		(9	)
Comprehensive income	$	2,404		$	2,180

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements.

6

HOPFED BANCORP, INC.

Consolidated Condensed Statement of Stockholders’ Equity

For the Three Month Period Ended March 31, 2014

(Dollars in Thousands, Except Share Amounts)

(Unaudited)

	Shares Common Stock			Preferred Stock		Common Stock		Additional Capital Surplus		Retained Earnings			Treasury Stock Common			Accumulated Other Comprehensive Income			Total Stockholders Equity
Balance at December 31, 2013		7,447,903			—	$	79		58,302		44,694			(5,929	)		(1,429	)		95,717
Consolidated net income		—			—		—		—		354			—			—			354
Repurchase of treasury stock		(10,386	)		—		—		—		—			(120	)		—			(120	)
Compensation expense, restricted stock awards		—			—		—		31		—			—			—			31
Net change in unrealized gain on securities available for sale, net of income taxes of ($916)		—			—		—		—		—			—			1,777			1,777
Net change in unrealized loss on derivatives, net of income tax benefit of $25		—			—		—		—		—			—			49			49
Cash dividend to common stockholders		—			—		—		—		(295	)		—			—			(295	)
Balance March 31, 2014		7,437,517			—	$	79		58,333		44,753			(6,049	)		397			97,513

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements

7

HOPFED BANCORP, INC.

Consolidated Condensed Statement of Stockholders’ Equity

For the Three Month Period Ended March 31, 2015

(Dollars in Thousands, Except Share Amounts)

(Unaudited)

	Shares Common Stock			Common Stock		Additional Capital Surplus		Retained Earnings			Treasury Stock Common			Unearned ESOP Shares			Accumulated Other Comprehensive Income		Total Stockholders Equity
Balance at December 31, 2014		7,171,282		$	79		58,466		45,729			(9,429	)		—			3,557		98,402
Consolidated net income		—			—		—		1,355			—			—			—		1,355
Treasury stock reissued		600,000										7,884			(7,884	)		—		—
Repurchase of treasury stock		(725,341	)		—		—		—			(9,722	)		—			—		(9,722	)
Compensation expense, restricted stock awards		—			—		49		—			—			—			—		49
Net change in unrealized gain on securities available for sale, net of income taxes of ($508)		—			—		—		—			—			—			985		985
Net change in unrealized loss on derivatives, net of income taxes of ($32)		—			—		—		—			—			—			64		64
Cash dividend to common stockholders		—			—		—		(257	)		—			—			—		(257	)
Balance March 31, 2015		7,045,941		$	79		58,515		46,827			(11,267	)		(7,884	)		4,606		90,876

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements

8

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Cash Flows

(Dollars in Thousands)

(Unaudited)

	For the Three Month Periods Ended March 31,
	2015			2014
Cash flows from operating activities:
Net cash provided by operating activities	$	1,673		$	1,864
Cash flows from investing activities
Proceeds from sales, calls and maturities of securities available for sale		59,190			16,463
Purchase of securities available for sale		(14,075	)		(36,904	)
Net (increase) decrease in loans		(10,155	)		7,068
Proceeds from sale of foreclosed assets		46			137
Purchase of premises and equipment		(655	)		(332	)
Net cash provided by (used in) investing activities		34,351			(13,568	)
Cash flows from financing activities:
Net increase (decrease) in demand deposits		(4,223	)		596
Net increase (decrease) in time and other deposits		124			(2,067	)
Increase (decrease) in advances from borrowers for taxes and insurance		280			51
Repayment of advances from Federal Home Loan Bank		(15,000	)		(5,500	)
Net increase (decrease) in repurchase agreements		(11,892	)		(2,630	)
Cash used to repurchase treasury stock		(9,722	)		(120	)
Dividends paid on common stock		(281	)		(295	)
Net cash used in financing activities		(40,714	)		(9,965	)
Decrease in cash and cash equivalents		(4,690	)		(21,669	)
Cash and cash equivalents, beginning of period		40,439			55,848
Cash and cash equivalents, end of period	$	35,749			34,179
Supplemental disclosures of cash flow information:
Interest paid	$	1,662			2,380
Income taxes paid		—			—
Supplemental disclosures of non-cash investing and financing activities:
Loans charged off	$	403			196
Foreclosures and in substance foreclosures of loans during period	$	464			166
Net unrealized gains on investment securities classified as available for sale	$	1,493			2,688
Decrease in deferred tax asset related to unrealized gains on investments	($	508	)		(916	)
Dividends declared and payable	$	272			324
Issue of common stock to ESOP	$	7,884			—

See accompanying Notes to Unaudited Consolidated Condensed Financial Statements

9

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(1) BASIS OF PRESENTATION

HopFed Bancorp, Inc. (the “Company”) was formed at the direction of Heritage Bank USA Inc., formerly Hopkinsville Federal Savings Bank (the “Bank”), to become the holding company of the Bank upon the conversion of the Bank from a federally chartered mutual savings bank to a federally chartered stock savings bank. The conversion was consummated on February 6, 1998. The Company’s primary assets are the outstanding capital stock of the converted Bank, and its sole business is that of the converted Bank.

On June 5, 2013, the Bank’s legal name became Heritage Bank USA Inc. and the Bank was granted a commercial bank charter by the Kentucky Department of Financial Institutions (“KDFI”). On June 5, 2013, the Bank became subject to regulation by the KDFI and the Federal Deposit Insurance Corporation (“FDIC”). On the same day, HopFed Bancorp was granted a bank holding company charter by the Federal Reserve Bank of Saint Louis (“FED”) and as such regulated by the FED.

The Bank operates a mortgage division, Heritage Mortgage Services, in Clarksville, Tennessee with agents located in several of its markets. The Bank has a financial services division, Heritage Solutions, with offices in Murray, Kentucky, Kingston Springs, Tennessee, and Pleasant View, Tennessee. Heritage Solutions agents travel throughout western Kentucky and middle Tennessee offering fixed and variable annuities, mutual funds and brokerage services. In October of 2014, the Bank opened a loan production office in Nashville, Tennessee.

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of only normal recurring accruals) necessary for fair representation have been included. The results of operations and other data for the three month period ended March 31, 2015, are not necessarily indicative of results that may be expected for the entire fiscal year ending December 31, 2015.

The accompanying unaudited financial statements should be read in conjunction with the Consolidated Financial Statements and the Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The accounting policies followed by the Company are set forth in the Summary of Significant Accounting Policies in the Company’s December 31, 2014, Consolidated Financial Statements.

10

(2) INCOME PER SHARE

The following schedule reconciles the numerators and denominators of the basic and diluted income per share (“IPS”) computations for the three month periods ended March 31, 2015, and March 31, 2014. Diluted common shares arise from the potentially dilutive effect of the Company’s stock options and warrants outstanding. For the three month period ended March 31, 2015, the Company has excluded all unearned shares purchased by the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan (the “ESOP”) from the Company on March 2, 2015, due to the fact that, at March 31, 2015, the Company has made no legal commitment to make a principal payment on the loan, which is required to release shares.

	March 31,
	2015		2014
Basic IPS:
Net income	$	1,355,000	$	354,000
Average common shares outstanding		6,732,456		7,416,716
Net income per share	$	0.20	$	0.05
Diluted IPS:
Net income	$	1,355,000	$	354,000
Average common shares outstanding		6,732,456		7,416,716
Dilutive effect of stock options		—		—
Average diluted shares outstanding		6,732,456		7,416,716
Net income per share, diluted	$	0.20	$	0.05

(3) STOCK COMPENSATION

The Company incurred compensation cost related to the HopFed Bancorp, Inc. 2004 Long Term Incentive Plan of $49,000 for the three month period ended March 31, 2015, and $31,000 for the three month period ended March 31, 2014, respectively. The Company did not issue any shares of restricted stock during the three month periods ended March 31, 2015 and March 31, 2014, respectively. The table below provides a detail of the Company’s future compensation expense related to restricted stock vesting at March 31, 2015:

Year Ending December 31,	Future Expense
2015	$	136,818
2016		132,780
2017		45,954
2018		3,127
Total	$	318,679

The compensation committee may make additional awards of restricted stock, thereby increasing the future expense related to this plan. In addition, award vesting may be accelerated due to certain events as outlined in the restricted stock award agreement. Any acceleration of vesting will change the timing of, but not the aggregate amount of, compensation expense incurred.

11

(4) SECURITIES

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluations. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

At March 31, 2015, the Company has 41 securities with unrealized losses. The carrying amount of securities and their estimated fair values at March 31, 2015, were as follows:

	March 31, 2015
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in Thousands)
Restricted
FHLB stock	$	4,428		—		—			4,428
Available for sale
U.S. Treasury securities	$	2,002		10		—			2,012
U.S. Agency securities		102,125		2,654		(151	)		104,628
Taxable municipal bonds		10,080		265		(24	)		10,321
Tax free municipal bonds		50,646		3,219		(118	)		53,747
Trust preferred securities		1,604		195		—			1,799
Mortgage-backed securities:
GNMA		21,500		317		(61	)		21,756
FNMA		33,732		796		(38	)		34,490
FHLMC		933		32		—			965
SLMA CMO		5,743		—		(52	)		5,691
AGENCY CMO		24,230		271		(43	)		24,458
	$	252,595		7,759		(487	)		259,867

12

The carrying amount of securities and their estimated fair values at December 31, 2014, was as follows:

	December 31, 2014
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in Thousands)
Restricted
FHLB stock	$	4,428		—		—			4,428
Available for sale
U.S. Treasury securities	$	3,977		3		—			3,980
U.S. Agency securities		101,654		2,125		(527	)		103,252
Tax free municipal bonds		57,399		3,814		(166	)		61,047
Taxable municipal bonds		11,871		235		(63	)		12,043
Trust preferred securities		1,600		—		(111	)		1,489
Commercial bonds		2,000		7		—			2,007
Mortgage-backed securities:
GNMA		27,535		670		(122	)		28,083
FNMA		50,617		694		(536	)		50,775
FHLMC		3,276		38		—			3,314
SLMA CMO		9,895		—		(252	)		9,643
AGENCY CMO		28,024		176		(205	)		27,995
	$	297,848		7,762		(1,982	)		303,628

The scheduled maturities of debt securities available for sale at March 31, 2015, were as follows:

			Estimated
	Amortized		Fair
March 31, 2015	Cost		Value
Due within one year	$	4,830	$	4,927
Due in one to five years		19,749		20,064
Due in five to ten years		41,165		42,393
Due after ten years		27,961		29,925
		93,705		97,309
Amortizing agency bonds		72,752		75,198
Mortgage-backed securities		86,138		87,360
Total unrestricted securities available for sale	$	252,595	$	259,867

13

The scheduled maturities of debt securities available for sale at December 31, 2014, were as follows:

			Estimated
	Amortized		Fair
December 31, 2014	Cost		Value
Due within one year	$	4,830	$	4,927
Due in one to five years		21,564		21,818
Due in five to ten years		41,683		42,613
Due after ten years		33,119		35,380
		101,196		104,738
Amortizing agency bonds		77,305		79,080
Mortgage-backed securities		119,347		119,810
Total unrestricted securities available for sale	$	297,848	$	303,628

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of March 31, 2015, are as follows:

	Less than 12 months					12 months or longer					Total
	Estimated		Unrealized			Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
	(Dollars in Thousands)
Available for sale
U.S. government and agency securities
Agency debt securities	$	9,130		(47	)		12,911		(104	)		22,041		(151	)
Taxable municipals		—		—			3,049		(24	)		3,049		(24	)
Tax free municipals		—		—			6,476		(118	)		6,476		(118	)
Mortgage-backed securities
GNMA		9,464		(49	)		5,265		(12	)		14,729		(61	)
FNMA		—		—			3,087		(38	)		3,087		(38	)
SLMA CMOs		—		—			5,691		(52	)		5,691		(52	)
AGENCY CMOs		5,562		(12	)		3,593		(31	)		9,155		(43	)
Total available for sale	$	24,156		(108	)		40,072		(379	)		64,228		(487	)

14

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of December 31, 2014, were as follows:

	Less than 12 months					12 months or longer					Total
December 31, 2014	Estimated		Unrealized			Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
Available for sale
U.S. government and agency securities
Agency debt securities	$	14,021		(20	)		29,156		(507	)		43,177		(527	)
Taxable municipals		—		—			4,785		(63	)		4,785		(63	)
Tax free municipals		—		—			6,647		(166	)		6,647		(166	)
Trust preferred securities		—		—			1,489		(111	)		1,489		(111	)
Mortgage-backed securities
GNMA		12,568		(108	)		2,895		(14	)		15,463		(122	)
FNMA		—		—			18,927		(536	)		18,927		(536	)
SLMA CMOs		1,923		(14	)		7,720		(238	)		9,643		(252	)
AGENCY CMOs		9,545		(91	)		7,685		(114	)		17,230		(205	)
Total available for sale	$	38,057		(233	)		79,304		(1,749	)		117,361		(1,982	)

At March 31, 2015, securities with a book value of approximately $162.4 million and a market value of approximately $169.3 million were pledged to various municipalities for deposits in excess of FDIC limits as required by law. The Federal Home Loan Bank of Cincinnati has issued letters of credit in the Bank’s name totaling $11.0 million secured by the Bank’s loan portfolio to secure additional municipal deposits.

At March 31, 2015, securities with a book and market value of $39.5 million were sold under agreements to repurchase from various customers. Furthermore, the Company has a wholesale repurchase agreement with third party secured by investments with a combined book value of $6.5 million and a market value of $6.6 million. The repurchase agreement is in the amount of $6.0 million and has a maturity of September 18, 2016, and is currently callable on a quarterly basis and has a fixed rate of interest of 4.36%.

15

(5) LOANS

Set forth below is selected data relating to the composition of the loan portfolio by type of loan at March 31, 2015, and December 31, 2014. At March 31, 2015, and December 31, 2014, there were no concentrations of loans exceeding 10% of total loans other than as disclosed below:

	March 31, 2015			March 31, 2015			December 31, 2014			December 31, 2014
	Amount			Percent			Amount			Percent
	(Dollars in thousands, except percentages)
Real estate loans
One-to-four family (closed end) first mortgages	$	147,835			26.6	%	$	150,551			27.6	%
Second mortgages (closed end)		2,050			0.4	%		2,102			0.4	%
Home equity lines of credit		34,107			6.1	%		34,238			6.3	%
Multi-family		22,069			4.0	%		25,991			4.8	%
Construction		26,736			4.8	%		24,241			4.4	%
Land		26,214			4.7	%		26,654			4.9	%
Farmland		42,283			7.6	%		42,874			7.8	%
Non-residential real estate		159,995			28.8	%		150,596			27.6	%
Total mortgage loans		461,289			83.0	%		457,247			83.8	%
Consumer loans		14,814			2.7	%		14,438			2.6	%
Commercial loans		79,155			14.3	%		74,154			13.6	%
Total other loans		93,969			17.0	%		88,592			16.2	%
Total loans, gross		555,258			100.0	%		545,839			100.0	%
Deferred loan cost, net of income		(348	)					(286	)
Less allowance for loan losses		(6,170	)					(6,289	)
Total loans	$	548,740					$	539,264

The allowance for loan losses totaled $6.2 million at March 31, 2015, $6.3 million at December 31, 2014, and $8.9 million at March 31, 2014, respectively. The ratio of the allowance for loan losses to total loans was 1.11% at March 31, 2015, 1.15% at December 31, 2014, and 1.63% at March 31, 2014. The following table indicates the type and level of non-accrual loans at the periods indicated below:

	March 31, 2015		December 31, 2014		March 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	1,235		1,501		1,056
Home equity line of credit		—		—		49
Junior lien		—		—		1
Multi-family		—		95		—
Land		—		215		1,217
Non-residential real estate		542		1,159		6,585
Farmland		—		115		669
Consumer loans		—		—		2
Commercial loans		347		90		453
Total non-accrual loans	$	2,124		3,175		10,032

16

The following table provides a detail of the Company’s activity in the allowance for loan loss account by loan type for the three month period ended March 31, 2015:

								General			Specific			Ending
	Balance		Charge off			Recovery		Provision			Provision			Balance
Three month period ended March 31, 2015	12/31/2014		2015			2015		2015			2015			3/31/2015
One-to-four family mortgages	$	1,198		(64	)		10		(124	)		138			1,158
Home equity line of credit		181		—			1		(19	)		—			163
Junior liens		14		—			1		(4	)		—			11
Multi-family		85		—			—		—			(16	)		69
Construction		146		—			—		(36	)		—			110
Land		1,123		—			—		4			103			1,230
Non-residential real estate		2,083		(208	)		—		(57	)		193			2,011
Farmland		461		—			—		54			(78	)		437
Consumer loans		494		(97	)		47		(120	)		67			391
Commercial loans		504		(34	)		10		(6	)		116			590
	$	6,289		(403	)		69		(308	)		523			6,170

The following table provides a detail of the Company’s activity in the allowance for loan loss account by loan type for the year ended December 31, 2014:

								General			Specific			Ending
	Balance		Charge off			Recovery		Provision			Provision			Balance
Year ended December 31, 2014	12/31/2013		2014			2014		2014			2014			12/31/2014
One-to-four family mortgages	$	2,048		(233	)		24		(304	)		(337	)		1,198
Home equity line of credit		218		(83	)		3		(37	)		80			181
Junior liens		39		—			9		(25	)		(9	)		14
Multi-family		466		—			—		(381	)		—			85
Construction		88		(139	)		9		58			130			146
Land		1,305		—			—		(74	)		(108	)		1,123
Non-residential real estate		2,719		(66	)		864		(1,368	)		(66	)		2,083
Farmland		510		—			—		542			(591	)		461
Consumer loans		541		(415	)		109		(13	)		272			494
Commercial loans		748		(296	)		94		(244	)		202			504
	$	8,682		(1,232	)		1,112		(1,846	)		(427	)		6,289

17

The table below presents past due and non-accrual balances at March 31, 2015, by loan classification allocated between performing and non-performing loan. At March 31, 2015, the Company had $3.3 million in loans past due 30 – 89 days that were risk graded as substandard:

			30 - 89						Impaired Loans
	Currently		Days		Non-accrual		Special		Currently Performing
March 31, 2015	Performing		Past Due		Loans		Mention		Substandard		Doubtful		Total
	(Dollars in Thousands)
One-to-four family mortgages	$	143,690		885		1,235		—		2,025		—		147,835
Home equity line of credit		33,075		24		—		243		765		—		34,107
Junior liens		1,992		—		—		39		19		—		2,050
Multi-family		17,128		—		—		1,944		2,997		—		22,069
Construction		26,736		—		—		—		—		—		26,736
Land		15,444		2,643		—		45		8,082		—		26,214
Non-residential real estate		148,306		330		542		297		10,520		—		159,995
Farmland		41,317		242		—		692		32		—		42,283
Consumer loans		14,611		17		—		—		186		—		14,814
Commercial loans		76,709		113		347		143		1,843		—		79,155
Total		519,008		4,254		2,124		3,403		26,469		—		555,258

The table below presents past due and non-accrual balances at December 31, 2014, by loan classification allocated between performing and non-performing:

			30 - 89						Impaired Loans
	Currently		Days		Non-accrual		Special		Currently Performing
December 31 2014	Performing		Past Due		Loans		Mention		Substandard		Doubtful		Total
One-to-four family mortgages	$	145,372		757		1,501		203		2,718		—		150,551
Home equity line of credit		33,338		143		—		—		757		—		34,238
Junior liens		2,025		—		—		40		37		—		2,102
Multi-family		20,066		—		95		2,904		2,926		—		25,991
Construction		24,241		—		—		—		—		—		24,241
Land		14,674		654		215		362		10,749		—		26,654
Non-residential real estate		131,854		—		1,159		5,492		12,091		—		150,596
Farmland		40,057		64		115		516		2,122		—		42,874
Consumer loans		14,104		14		—		21		299		—		14,438
Commercial loans		71,191		55		90		325		2,493		—		74,154
Total	$	496,922		1,687		3,175		9,863		34,192		—		545,839

18

The following table presents the balance in the allowance for loan losses and the recorded investment in loans as of March 31, 2015, and December 31, 2014, by portfolio segment and based on the impairment method as of March 31, 2015, and December 31, 2014.

			Land
			Development /		Commercial		Residential
	Commercial		Construction		Real Estate		Real Estate		Consumer		Total
March 31, 2015:
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	140		766		703		136		45	$	1,790
Collectively evaluated for impairment		498		574		1,766		1,196		346		4,380
Total ending allowance balance	$	638		1,340		2,469		1,332		391	$	6,170
Loans:
Loans individually evaluated for impairment	$	2,190		8,082		17,386		4,044		186	$	31,888
Loans collectively evaluated for impairment		76,965		44,868		206,961		179,948		14,628		523,370
Total ending loans balance	$	79,155		52,950		224,347		183,992		14,814	$	555,258

			Land
			Development /		Commercial		Residential
	Commercial		Construction		Real Estate		Real Estate		Consumer		Total
December 31, 2014:
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	—		663		738		51		62	$	1,514
Collectively evaluated for impairment		504		606		1,891		1,342		432		4,775
Total ending allowance balance	$	504		1,269		2,629		1,393		494	$	6,289
Loans:
Loans individually evaluated for impairment	$	2,583		10,964		18,508		5,013		299	$	37,367
Loans collectively evaluated for impairment		71,571		39,931		200,953		181,878		14,139		508,472
Total ending loans balance	$	74,154		50,895		219,461		186,891		14,438	$	545,839

19

All loans listed as 30-89 days past due and non-accrual are not performing as agreed. Loans listed as special mentioned, substandard and doubtful are paying as agreed. However, the customer’s financial statements may indicate weaknesses in their current cash flow, the customer’s industry may be in decline due to current economic conditions, collateral values used to secure the loan may be declining, or the Company may be concerned about the customer’s future business prospects.

The Company does not originate loans it considers sub-prime and is not aware of any exposure to the additional credit concerns associated with sub-prime lending in either the Company’s loan or investment portfolios. The Company does have a significant amount of construction and land development loans. Management reports to the Company’s Board of Directors on the status of the Company’s specific construction and development loans as well as the market trends in those markets in which the Company actively participates.

The Company’s annualized net charge off ratios for three month periods ended March 31, 2015, March 31, 2014, and the year ended December 31, 2014, was 0.24%, 0.11% and 0.02%, respectively. The ratios of allowance for loan losses to non-accrual loans at March 31, 2015, March 31, 2014, and December 31, 2014, were 290.51%, 88.85%, and 198.08%, respectively.

The determination of the allowance for loan losses is based on management’s analysis, performed on a quarterly basis. Various factors are considered, including the market value of the underlying collateral, growth and composition of the loan portfolio, the relationship of the allowance for loan losses to outstanding loans, historical loss experience, delinquency trends and prevailing economic conditions. Although management believes its allowance for loan losses is adequate, there can be no assurance that additional allowances will not be required or that losses on loans will not be incurred.

The Company conducts annual reviews on all loan relationships above one million to ascertain the borrowers continued ability to service their debt as agreed. In addition to the credit relationships mentioned above, management may classify any credit relationship once it becomes aware of adverse credit trends for that customer. Typically, the annual review consists of updated financial statements for borrowers and any guarantors, a review of the borrower’s credit history with the Company and other creditors, and current income tax information.

As a result of this review, management will classify loans based on their credit risk. Additionally, the Company provides a risk grade for all loans past due more than sixty days. The Company uses the following risk definitions for risk grades:

Satisfactory loans of average strength having some deficiency or vulnerability to changing economic or industry conditions. These customers should have reasonable amount of capital and operating ratios. Secured loans may lack in margin or liquidity. Loans to individuals, perhaps supported in dollars of net worth, but with supporting assets may be difficult to liquidate.

20

Watch loans are acceptable credits: (1) that need continual monitoring, such as out-of territory or asset-based loans (since the Bank does not have an asset-based lending department), or (2) with a marginal risk level to business concerns and individuals that; (a) have exhibited favorable performance in the past, though currently experiencing negative trends; (b) are in an industry that is experiencing volatility or is declining, and their performance is less than industry norms; and (c) are experiencing unfavorable trends in their financial position, such as one-time net losses or declines in asset values. These marginal borrowers may have early warning signs of problems such as occasional overdrafts and minor delinquency. If considered marginal, a loan would be a “watch” until financial data demonstrated improved performance or further deterioration to a “substandard” grade usually within a 12-month period. In the table on page 22, Watch loans are included with satisfactory loans and classified as Pass.

Special Mention loans are currently protected but are potentially weak. These loans constitute an undue and unwarranted credit risk but not to the point of justifying a substandard classification. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific loan. These credit weaknesses, if not checked or corrected, will weaken the loan or inadequately protect the Bank’s credit position at some future date.

A Substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. The loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. This does not imply ultimate loss of the principal, but may involve burdensome administrative expenses and the accompanying cost to carry the credit. Examples of substandard loans include those to borrowers with insufficient or negative cash flow, negative net worth coupled with inadequate guarantor support, inadequate working capital, and/or significantly past-due loans and overdrafts.

A loan classified Doubtful has all the weaknesses inherent in a substandard credit except that the weaknesses make collection or liquidation in full (on the basis of currently existing facts, conditions, and values) highly questionable and improbable. The possibility of loss is extremely high, but because of certain pending factors charge-off is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. The doubtful classification is applied to that portion of the credit in which the full collection of principal and interest is questionable.

A loan is considered to be impaired when management determines that it is possible that the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. The value of individually impaired loans is measured based on the present value of expected payments or using the fair value of the collateral less cost to sell if the loan is collateral dependent. Currently, it is management’s practice to classify all substandard or doubtful loans as impaired. At March 31, 2015, December 31, 2014, and March 31, 2014, the Company’s impaired loans totaled $31.9 million, $37.4 million and $42.6 million, respectively.

21

At March 31, 2015, December 31, 2014 and March 31, 2014, the Company’s specific reserve for impaired loans totaled $1.8 million, $1.5 million and $1.9 million respectively. A summary of the Company’s impaired loans, including their respective regulatory classification and their respective specific reserve at March 31, 2015, and December 31, 2014, were as follows:

March 31, 2015			Special		Impaired Loans						Specific Reserve for		Reserve for Performing
	Pass		Mention		Substandard		Doubtful		Total		Impairment		Loans
	(Dollars in Thousands)
One-to-four family mortgages	$	144,453		—		3,382		—		147,835		136		1,022
Home equity line of credit		33,099		243		765		—		34,107		—		163
Junior liens		1,992		39		19		—		2,050		—		11
Multi-family		17,128		1,944		2,997		—		22,069		—		69
Construction		26,736		—		—		—		26,736		—		110
Land		15,453		45		10,716		—		26,214		766		464
Non-residential real estate		148,306		297		11,392		—		159,995		703		1,308
Farmland		41,350		692		241		—		42,283		—		389
Consumer loans		14,628		—		186		—		14,814		45		346
Commercial loans		76,822		143		2,190		—		79,155		140		498
Total	$	519,967		3,403		31,888		—		555,258		1,790		4,380
			Special		Impaired Loans						Specific Allowance for		Allowance For Loans
	Pass		Mention		Substandard		Doubtful		Total		Impairment		Not Impaired
December 31, 2014
One-to-four family mortgages	$	146,129		203		4,219		—		150,551		51		1,147
Home equity line of credit		33,481		—		757		—		34,238		—		181
Junior lien		2,025		40		37		—		2,102		—		14
Multi-family		20,066		2,904		3,021		—		25,991		—		85
Construction		24,241		—		—		—		24,241		—		146
Land		15,328		362		10,964		—		26,654		663		460
Non-residential real estate		131,854		5,492		13,250		—		150,596		738		1,345
Farmland		40,121		516		2,237		—		42,874		—		461
Consumer loans		14,118		21		299		—		14,438		62		432
Commercial loans		71,246		325		2,583		—		74,154		—		504
Total	$	498,609		9,863		37,367		—		545,839		1,514		4,775

22

Impaired loans by classification type and the related valuation allowance amounts at March 31, 2015, were as follows:

	At March 31, 2015						For the three month period ended March 31, 2015
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no recorded reserve
One-to-four family mortgages	$	2,668		2,668		—		2,668		18
Home equity line of credit		765		765		—		765		9
Junior liens		19		19		—		19		—
Multi-family		2,997		2,997		—		2,997		51
Construction		—		—		—		—		—
Land		7,295		7,295		—		7,295		146
Farmland		241		241		—		241		—
Non-residential real estate		10,211		10,211		—		10,211		137
Consumer loans		7		7		—		7		—
Commercial loans		1,487		1,487		—		1,487		31
Total		25,690		25,690		—		25,690		392
Impaired loans with a specific allowance
One-to-four family mortgages		714		714		136		714		10
Home equity line of credit		—		—		—		—		—
Junior liens		—		—		—		—		—
Multi-family		—		—		—		—		—
Construction		—		—		—		—		—
Land		3,421		3,421		766		3,421		32
Farmland		—		—		—		—		—
Non-residential real estate		1,181		1,181		703		1,181		10
Consumer loans		179		179		45		179		—
Commercial loans		703		703		140		703		19
Total		6,198		6,198		1,790		6,198		71
Total impaired loans	$	31,888		31,888		1,790		31,888		463

23

Impaired loans by classification type and the related valuation allowance amounts at December 31, 2014, were as follows:

	At December 31, 2014						For the year ended December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no specific allowance
One-to-four family mortgages	$	3,501		3,501		—		2,972		176
Home equity line of credit		757		757		—		690		35
Junior liens		37		37		—		39		2
Multi-family		3,021		3,021		—		1,342		190
Construction		—		—		—		29		—
Land		7,740		7,740		—		8,978		339
Non-residential real estate		12,057		12,057		—		8,672		669
Farmland		2,237		2,237				3,968		125
Consumer loans		51		51		—		36		3
Commercial loans		2,583		2,583		—		2,246		154
Total		31,984		31,984		—		28,972		1,693
Impaired loans with a specific allowance
One-to-four family mortgages	$	718		718		51		1,434		44
Home equity line of credit		—		—		—		—		—
Junior liens		—		—		—		—		—
Multi-family		—		—		—		—		—
Construction		—		—		—		—		—
Land		3,224		4,737		663		3,418		160
Non-residential real estate		1,193		1,258		738		3,617		69
Farmland		—		—		—		619		—
Consumer loans		248		248		62		355		—
Commercial loans		—		—		—		100		—
Total		5,383		6,961		1,514		9,543		273
Total impaired loans	$	37,367		38,945		1,514		38,515		1,966

24

On a periodic basis, the Bank may modify the terms of certain loans. In evaluating whether a restructuring constitutes a troubled debt restructuring (TDR), Financial Accounting Standards Board has issued Accounting Standards Update 310 (ASU 310), A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring. In evaluating whether a restructuring constitutes a TDR, the Bank must separately conclude that both of the following exist:

• The restructuring constitutes a concession

• The debtor is experiencing financial difficulties

ASU 310 provides the following guidance for the Bank’s evaluation of whether it has granted a concession as follows:

• If a debtor does not otherwise have access to funds at a market interest rate for debt with similar risk characteristics as the restructured debt, the restructured debt would be considered a below market rate, which may indicate that the Bank may have granted a concession. In that circumstance, the Bank should consider all aspects of the restructuring in determining whether it has granted a concession, the creditor must make a separate assessment about whether the debtor is experiencing financial difficulties to determine whether the restructuring constitutes a TDR.

• A temporary or permanent increase in the interest rate on a loan as a result of a restructuring does not eliminate the possibility of the restructuring from being considered a concession if the new interest rate on the loan is below the market interest rate for loans of similar risk characteristics.

• A restructuring that results in a delay in payment that is insignificant is not a concession. However, the Bank must consider a variety of factors in assessing whether a restructuring resulting in a delay in payment is insignificant.

At December 31, 2014, and March 31, 2015, the Company had two loans classified as performing TDRs. There was no activity in loans classified as TDRs for the three month ended March 31, 2015.

	Balance at 12/31/14		New TDR		Loss or Foreclosure		Transferred to Held For Sale		Removed from (Taken to) Non-accrual		Balance at 3/31/15
	(Dollars in Thousands)
Non-residential real estate	$	3,284		—		—		—		—		3,284
Total performing TDR	$	3,284		—		—		—		—		3,284

25

A summary of the activity in loans classified as TDRs for the year ended December 31, 2014, is as follows

	Balance at 12/31/13		New TDR		Loss or Foreclosure		Transferred to Held For Sale			Removed from (Taken to) Non-accrual		Balance at 12/31/14
	(Dollars in Thousands)
One-to-four family mortgages	$	—		—		—		—			—		—
Non-residential real estate		—		10,271		—		(6,987	)		—		3,284
Commercial loans		—		—		—		—			—		—
Total performing TDR	$	—		10,271		—		(6,987	)		—		3,284

(6) REAL ESTATE AND OTHER ASSETS OWNED

The Company’s real estate and other assets owned represent properties and personal collateral acquired through customer loan defaults. The property is recorded at the lower of cost or fair value less estimated cost to sell and carrying cost at the date acquired. Any difference between the book value and estimated market value is recognized as a charge off through the allowance for loan loss account. Additional real estate owned and other asset losses may be determined on individual properties at specific intervals or at the time of disposal. In general, the Company will obtain a new appraisal on all real estate owned with a book balance in excess of $250,000 on an annual basis. Additional losses are recognized as a non-interest expense.

At March 31, 2015, December 31, 2014, and March 31, 2014, the Company had balances in other real estate and assets owned and non-accrual loans consisting of the following:

	March 31, 2015			December 31, 2014			March 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	175			159			446
Land		1,768			1,768			1,034
Non-residential real estate		409			—			200
Total other assets owned	$	2,352			1,927			1,680
Total non-accrual loans	$	2,124			3,175			10,032
Total non-performing assets	$	4,476			5,102			11,712
Non-performing assets / Total assets		0.50	%		0.55	%		1.21	%

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The following is a summary of the activity in the Company’s real estate and other assets owned for the three month period ending March 31, 2015:

			Activity During 2015
	Balance 12/31/2014		Foreclosures		Proceeds			Reduction in Values		Gain (Loss) on Sale		Balance 3/31/2015
	(Dollars in Thousands)
One-to-four family mortgages	$	159		55		(46	)		—		7	$	175
Land		1,768		—		—			—		—		1,768
Non-residential real estate		—		409		—			—		—		409
Total	$	1,927		464		(46	)		—		7	$	2,352

The following is a summary of the activity in the Company’s real estate and other assets owned for the year ended December 31, 2014:

	Activity During 2014
	Balance 12/31/2013		Foreclosures		Sales			Reduction in Values			Gain (Loss) on Sale			Balance 12/31/2014
	(Dollars in Thousands)
One-to-four family mortgages	$	350		461		(667	)		(5	)		20		$	159
Land		1,124		943		(123	)		(157	)		(19	)		1,768
Non-residential real estate		200		175		(328	)		—			(47	)		—
Total	$	1,674		1,579		(1,118	)		(162	)		(46	)	$	1,927

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(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 March 31, 2015		At December 31, 2014
Assets - 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 Statements of Income

	Three Month Periods Ended March 31,
	2015		2014
Income – interest income from subordinated debentures issued by HopFed Bancorp, Inc.	$	85		86
Net income	$	85		86

Summary Statement of Stockholders’ Equity

	Trust Preferred Securities		Common Stock		Retained Earnings			Total Stockholders’ Equity
Beginning balances, December 31, 2014	$	10,000		310		—			10,310
Net income		—		—		85			85
Dividends:
Trust preferred securities		—		—		(82	)		(82	)
Common paid to HopFed Bancorp, Inc.		—		—		(3	)		(3	)
Ending balances, March 31, 2015	$	10,000		310		—			10,310

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(8) FAIR VALUE OF ASSETS AND LIABILITIES

In September 2006, the FASB issued ASC 820-10, Fair Value Measurements. This Statement defines fair value, establishes a framework for measuring fair value and expands disclosure about fair value. The statement establishes a fair value hierarchy which requires an entity to maximize the use of observable input and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value.

• Level 1 is for assets and liabilities that management has obtained quoted prices (unadjusted for transaction cost) or identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date.

• Level 2 is for assets and liabilities in which significant unobservable inputs other than Level 1 prices such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

• Level 3 is for assets and liabilities in which significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The fair values of securities available for sale are determined by a matrix pricing, which is a mathematical technique that is widely used in the industry to value debt securities without exclusively using quoted prices for the individual securities in the Company’s portfolio but rather by relying on the securities relationship to other benchmark quoted securities. Impaired loans are valued at the net present value of expected payments using the fair value of any assigned collateral. The liability associated with the Company’s derivative is obtained from a quoted value supplied by our correspondent banker. The value of real estate owned is obtained from appraisals completed on properties at the time of acquisition and annually thereafter.

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Assets and Liabilities Measured on a Recurring Basis

The assets and liabilities measured at fair value on a recurring basis at March 31, 2015, are summarized below:

March 31, 2015	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	March 31, 2015		(Level 1)		(Level 2)		(Level 3)
Assets
Available for sale securities	$	259,867		—		258,068		1,799
Liabilities
Interest rate swap	$	294		—		294		—

The assets and liabilities measured at fair value on a recurring basis at December 31, 2014, are summarized below

December 31, 2014	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	December 31, 2014		(Level 1)		(Level 2)		(Level 3)
Assets
Available for sale securities	$	303,628		—		302,139		1,489
Liabilities
Interest rate swap	$	390		—		390		—

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The assets and liabilities measured at fair value on a non-recurring basis are summarized below for March 31, 2015:

March 31, 2015	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	3/31/2015		(Level 1)		(Level 2)		(Level 3)
	(Dollars in Thousands)
Assets
Other real estate and other assets owned	$	2,352		—		—	$	2,352
Impaired loans, net of reserve of $1,790	$	30,098		—		—	$	30,098

The assets and liabilities measured at fair value on a non-recurring basis are summarized below for December 31, 2014:

December 31, 2014	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	12/31/2014		(Level 1)		(Level 2)		(Level 3)
Assets
Other real estate and other assets owned	$	1,927		—		—	$	1,927
Impaired loans, net of reserve of $1,514	$	35,853		—		—	$	35,853

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The table below includes a roll-forward of the consolidated condensed statement of financial condition items for the three month periods ended March 31, 2015, and March 31, 2014, (including the change in fair value) for assets and liabilities classified by HopFed Bancorp, Inc. within level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify an asset or liability within level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since level 3 assets and liabilities typically include, in addition to the unobservable or level 3 components, observable components (that is components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology.

	2015				2014
Three month period ended March 31,	Other Assets		Other Liabilities		Other Assets		Other Liabilities
	(Dollars in Thousands)
Fair value, January 1,	$	1,489		—		1,489		—
Change in unrealized losses included in other comprehensive income for assets and liabilities still held at March 31,		306		—		—		—
Accretion of previous discounted amounts		4
Purchases, issuances and settlements, net		—		—		—		—
Transfers in and/or out of Level 3		—		—		—		—
Fair value, March 31,	$	1,799		—		1,489		—

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The estimated fair values of financial instruments were as follows at March 31, 2015:

	Carrying Amount		Estimated Fair Value		Quoted Prices In Active Markets for Identical Assets Level 1		Using Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	26,150		26,150		26,150		—		—
Interest-earning deposits		9,599		9,599		9,599		—		—
Securities available for sale		259,867		259,867		—		258,068		1,799
Federal Home Loan Bank stock		4,428		4,428		—		4,428		—
Loans held for sale		2,051		2,051		—		2,051		—
Loans receivable		548,740		546,293		—		—		546,293
Accrued interest receivable		4,228		4,228		—		4,228		—
Financial liabilities:
Deposits		727,209		710,167		—		710,167		—
Advances from borrowers for taxes and insurance		793		793		—		793		—
Advances from Federal Home Loan Bank		19,000		19,179		—		19,179		—
Repurchase agreements		45,466		45,766		—		45,766		—
Subordinated debentures		10,310		10,099		—		—		10,099
Off-balance-sheet liabilities:
Market value of interest rate swap		294		294		—		294		—

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The estimated fair values of financial instruments were as follows at December 31, 2014:

	Carrying Amount		Estimated Fair Value		Quoted Prices In Active Markets for Identical Assets Level 1		Using Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	34,389		34,389		34,389		—		—
Interest-earning deposits		6,050		6,050		6,050		—		—
Securities available for sale		303,628		303,628		—		302,139		1,489
Federal Home Loan Bank stock		4,428		4,428		—		4,428		—
Loans held for sale		1,444		1,444		—		1,444		—
Loans receivable		539,264		537,493		—		—		537,493
Accrued interest receivable		4,576		4,576		—		4,576		—
Financial liabilities:
Deposits		731,308		714,750		—		714,750		—
Advances from borrowers for taxes and insurance		513		513		—		513		—
Advances from Federal Home Loan Bank		34,000		34,217		—		34,217		—
Repurchase agreements		57,358		57,688		—		57,688		—
Subordinated debentures		10,310		10,099		—		—		10,099
Off-balance-sheet liabilities:
Market value of interest rate swap		390		390		—		390		—

(9) DERIVATIVE INSTRUMENTS

Under guidelines of Financial Accounting Standards Board (“FASB”) ASC 815, Derivative Instruments and Hedging Activities, as amended, all derivative instruments are required to be carried at fair value on the consolidated statement of financial position. ASC 815 provides special hedge accounting provisions, which permit the change in fair value of the hedge item related to the risk being hedged to be recognized in earnings in the same period and in the same income statement line as the change in the fair value of the derivative.

A derivative instrument designated in a hedge relationship to mitigate exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges under ASC 815. Derivative instruments designated in a hedge relationship to mitigate exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Cash value hedges are accounted for by recording the fair value of the derivative instrument and the fair value related to the risk being hedged of the hedged asset or liability on the consolidated statement of financial position with corresponding offsets recorded in the consolidated statement of financial position.

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The adjustment to the hedged asset or liability is included in the basis of the hedged item, while the fair value of the derivative is recorded as a freestanding asset or liability. Actual cash receipts or payments and related amounts accrued during the period on derivatives included in a fair value hedge relationship are recorded as adjustments to the income or expense recorded on the hedged asset or liability.

Under both the fair value and cash flow hedge methods, derivative gains and losses not effective in hedging the change in fair value or expected cash flows of the hedged item are recognized immediately in the income statement. At the hedge’s inception and at least quarterly thereafter, a formal assessment is performed to determine whether changes in the fair values or cash flows of the derivative instrument has been highly effective in offsetting changes in the fair values or cash flows of the hedged items and whether they are expected to be highly effective in the future. If it is determined a derivative instrument has not been, or will not continue to be highly effective as a hedge, hedged accounting is discontinued. ASC 815 basis adjustments recorded on hedged assets and liabilities are amortized over the remaining life of the hedged item beginning no later than when hedge accounting ceases. There were no fair value hedging gains or losses, as a result of hedge ineffectiveness, recognized for the three month period ended March 31, 2015, or the year ended December 31, 2014.

In October of 2008, the Bank entered into an interest rate swap agreement for a term of seven years and an amount of $10.0 million. The Bank will pay a fixed rate of 7.27% for seven years and receive an amount equal to the three-month London Interbank Lending Rate (LIBOR) plus 3.10%. The interest rate swap is classified as a cash flow hedge by the Bank and will be tested quarterly for effectiveness. At March 31, 2015, and December 31, 2014, the cost of the Bank to terminate the cash flow hedge was approximately $294,000 and $390,000, respectively.

(10) EFFECT OF NEW ACCOUNTING PRONOUNCEMENTS

In January 2014, the FASB issued ASU No. 2014-04, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. These amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of residential foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures about such activities are required by these amendments. The amendments in this ASU became effective for public companies for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of ASU 2014-04 did not have a material impact on the Company’s financial position or results of operations.

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On June 12, 2014, the FASB issued ASU 2014-11, which makes limited amendments to the guidance in ASC 860 on accounting for certain repurchase agreements (“repos”). ASU 2014-11 requires entities to account for repurchase-to-maturity transactions as secured borrowings (rather than as sales with forward repurchase agreements), (2) eliminates accounting guidance on linked repurchase financing transactions, and (3) expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers (specifically, repos, securities lending transactions, and repurchase-to-maturity transactions) accounted for as secured borrowings. ASU 2014-11 also amends ASC 860 to clarify that repos and securities lending transactions that do not meet all of the de-recognition criteria in ASC 860-10-40-5 should be accounted for as secured borrowings. In addition, the ASU provides examples of repurchase and securities lending arrangements that illustrate whether a transferor has maintained effective control over the transferred financial assets. For public business entities, the accounting changes were effective for the first interim or annual period beginning after December 15, 2014. The adoption of ASU 2014-11 did not have a material impact on the Company’s financial position or results of operations.

ASU 2014-1, which amends FASB ASC Topic 323, Investments – Equity Method and Joint Ventures. The ASU impacts the Company’s accounting for investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The amendments in the update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the income statement as a component of income tax expense. The Company has chosen to continue to utilize the equity method for reporting under this topic. The Company’s adoption of ASU 2014-1 did not have a material impact on the Company’s financial position or results of operations.

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ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation - Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The performance target should not be reflected in estimating the grant-date fair value of the award. However, compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. The Company adopted ASU No. 2014-12 effective January 1, 2015. Entities may apply the amendments in this ASU either: (1) prospectively to all awards granted or modified after the effective date; or (2) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. As of March 31, 2015, the Company did not have any share-based payment awards that included performance targets that could be achieved after the requisite service period. As such, the adoption of ASU No. 2014-12 did not have a material impact on the Company’s Consolidated Financial Statements.

ASU 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) – Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates from U.S. GAAP the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. ASU 2015-01 is effective for the Corporation beginning January 1, 2016, though early adoption is permitted. ASU 2015-01 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations.

ASU No. 2015-02, “Amendments to the Consolidation Analysis.” This ASU affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds.

37

ASU No. 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-02 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

(13) INCOME TAXES

The Company and its subsidiaries file consolidated federal income tax returns and Tennessee excise tax returns. The Company and its non-bank subsidiaries filed consolidated Kentucky income tax returns. The Bank is exempt from Kentucky corporate income tax. The Company has no unrecognized tax benefits and has accrued any interest or penalties for uncertain tax positions. The effective tax rate differs from the statutory federal rate of 34% and Tennessee excise rate of 6.50% due to investments in qualified municipal securities; bank owned life insurance, income apportioned to Kentucky and certain non-deductible expenses.

(14) OTHER ASSETS

The Company has invested in two flow-through limited liability entities that manage and invest in affordable housing projects that qualify for historic, low-income and elderly housing tax credits. At March 31, 2015, the Company’s total investment in each entity was $422,000 and $1.0 million, respectively. The Company has no future capital commitments to either entity.

The amounts recognized in net income for these investments include:

	For the three months ended March 31,
	2015		2014
Investment loss included in pre-tax income	$	55	$	51
Tax credits recognized in provision for income taxes		24		20

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Critical Accounting Policies

The consolidated condensed financial statements as of March 31, 2015, and December 31, 2014, and for the three month periods ended March 31, 2015, and March 31, 2014, included herein have been prepared by the Company, without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in interim financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and notes thereon included in the Company’s 2014 Annual Report to Stockholders on Form 10-K.

Certain of the Company’s accounting policies are important to the portrayal of the Company’s financial condition, since they require management to make difficult, complex or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances. Facts and circumstances, which could affect these material judgments, include, but without limitation, changes in interest rates, in the performance of the economy or in the financial condition of borrowers. Management believes that its critical accounting policies include determining the allowance for loan losses, determining the fair value of securities and other financial instruments, and assessing other than temporary impairments of securities.

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Comparison of Financial Condition at March 31, 2015, and December 31, 2014

At March 31, 2015, total assets declined $38.7 million, to $897.1 million as compared to $935.8 million at December 31, 2014, largely due to lower levels of time deposits, Federal Home Loan Bank (“FHLB”) advances, customer repurchase account balances and the purchase of $9.7 million in treasury stock. Securities available for sale declined from $303.6 million at December 31, 2014, to $259.9 million at March 31, 2015. At March 31, 2015, and December 31, 2014, securities classified as “available for sale” had an amortized cost of $252.6 million and $297.8 million, respectively.

The Company’s holdings of Federal Home Loan Bank of Cincinnati (FHLB) stock, at cost was $4.4 million at December 31, 2014, and March 31, 2015. Total Federal Home Loan Bank “FHLB” borrowings declined $15.0 million, from $34.0 million at December 31, 2014, to $19.0 million at March 31, 2015. Total repurchase balances decreased from $57.4 million at December 31, 2014, to $45.5 million at March 31, 2015. Net loans totaled $548.7 million and $539.3 million at March 31, 2015, and December 31, 2014, respectively.

At March 31, 2015, deposits declined to $727.2 million from $731.3 million at December 31, 2014. At March 31, 2015, non-interest checking account balances are $110.8 million, or 15.2% of total deposits as compared to $115.1 million, or 15.73% of total deposits at December 31, 2014. For the period ended March 31, 2015, interest bearing checking accounts and money market accounts increased by $3.3 million and $4.6 million, respectively, as compared to December 31, 2014. At March 31, 2015, time deposits were $324.2 million, representing a $7.7 million decline as compared to December 31, 2014. The average cost of all deposits during the three month periods ended March 31, 2015, December 31, 2014, and March 31, 2014, was 0.69%, 0.69% and 0.78%, respectively. Management continually evaluates the investment alternatives available to customers and adjusts the pricing on its deposit products to more actively manage its funding costs while remaining competitive in its market area.

For the three month period ended March 31, 2015, the Company purchased 725,341 shares of its common stock in the quarter at a weighted average price of $13.40 per share. To fund the purchase of treasury shares, the Bank received approval from the Kentucky Department of Financial Institutions (“KDFI”) on January 20, 2015, to pay a special dividend to the holding company of up to $16.0 million, of which $13.5 million could be used by the Company to purchase up to 1.0 million shares of treasury stock for the purpose of establishing an employee stock ownership plan. For the three month period ended March 31, 2015, the Bank has remitted $9.6 million of the dividend approved by the KDFI to the holding company.

On March 2, 2015, the Company sold 600,000 shares of treasury stock to the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan (the “ESOP”) for $7,884,000. The Company will utilize the ESOP as its primary source of employee retirement benefits, eliminating all Company contributions to employee 401k plans. The Company may purchase additional treasury stock for the ESOP as it deems necessary. However, the ESOP must receive prior approval from the Federal Reserve Bank of St. Louis if the ESOP’s ownership interest in the Company exceeds 9.9% of total shares outstanding.

39

Comparison of Operating Results for the Three Month Periods Ended March 31, 2015 and 2014.

Net Income. The Company’s net income was $1.4 million for the three month period ended March 31, 2015, as compared to net income of $354,000 for the three month period ended March 31, 2014. The increase in the Company’s results for the three month period ended March 31, 2015, was largely the result of an increase in net interest income.

Net Interest Income. Net interest income for the three month period ended March 31, 2015, was $7.6 million, compared to $6.3 million for the three month period ended March 31, 2014. The increase in net interest income for the three months ended March 31, 2015, as compared to March 31, 2014, was due to a $705,000 decline in the Company’s interest expense and the collection of $830,000 of past due investment income from our investment in a subordinated debenture originally issued by First Financial Services Corporation (“FFKY”). FFKY was sold in January 2015 and the purchaser paid all interest current.

For the three months ended March 31, 2015, the average yield on loans was 4.65%, as compared to 4.75% for the three month period ended March 31, 2014. For the three month period ended March 31, 2015, and March 31, 2014, income on taxable securities was $2.4 million and $1.8 million, respectively. For the three month period ending March 31, 2015, the tax equivalent yield on taxable and tax free securities were 4.44% and 4.70%, respectively, as compared to 2.67% and 4.81% for the three-month period ended March 31, 2014, respectively.

For the three month periods ended March 31, 2015, and March 31, 2014, the Company’s cost of interest bearing liabilities was 0.94% and 1.23%, respectively. The lower cost of interest bearing liabilities was largely the result of the prepayment of FHLB advances in December 2014. At March 31, 2015, and March 31, 2014, the Company’s net interest margin was 3.78% and 3.00%, respectively. For the three month period ended March 31, 2015, the receipt of past due interest added 0.40% to the Company’s net interest margin.

Average Balances, Yields and Interest Expenses. The table on the next page summarizes the overall effect of changes in both interest rates and the average balances of interest earning assets and liabilities for the three-month periods ended March 31, 2015, and March 31, 2014. Yields on assets and cost of liabilities are derived by dividing income or expense by the average daily balances of interest earning assets and liabilities for the appropriate three-month periods.

40

Average balances for loans include loans classified as non-accrual, net of the allowance for loan losses. The table adjusts tax-free investment income by $224,000 for March 31, 2015, and $266,000 for March 31, 2014, for a tax equivalent rate using a cost of funds rate of 0.95% for March 31, 2015, and 1.20% for March 31, 2014. The table adjusts tax-free loan income by $1,000 for March 31, 2015, and March 31, 2014, respectively, for a tax equivalent rate using the same cost of funds rate (Table Amounts in Thousands, Except Percentages):

	Average Balance 03/31/2015		Income & Expense 03/31/2015			Average Rates 03/31/2015			Average Balance 03/31/2014		Income & Expense 03/31/2014			Average Rates 03/31/2014
Loans	$	541,097	$	6,291			4.65	%	$	532,720	$	6,328			4.75	%
Investments AFS taxable		220,302		2,448			4.44	%		266,780		1,779			2.67	%
Investments AFS tax free		57,628		677			4.70	%		67,294		810			4.81	%
Interest earning deposits		5,984		4			0.27	%		12,569		8			0.25	%
Total interest earning assets		825,011		9,420			4.57	%		879,363		8,925			4.06	%
Other assets		77,419								84,187
Total assets	$	902,430							$	963,550
Retail time deposits	$	292,401		845			1.16	%	$	332,033		963			1.16	%
Brokered deposits		35,358		96			1.09	%		46,119		145			1.26	%
Interest bearing checking accounts		191,604		269			0.56	%		184,114		321			0.70	%
MMDA and savings accounts		99,701		50			0.20	%		93,325		42			0.18	%
FHLB borrowings		23,167		69			1.19	%		45,808		434			3.79	%
Repurchase agreements		42,525		120			1.13	%		49,362		249			2.02	%
Subordinated debentures		10,310		184			7.14	%		10,310		184			7.14	%
Total interest bearing liabilities		695,066		1,633			0.94	%		761,071		2,338			1.23	%
Non-interest bearing deposits		111,869								100,237
Other non-interest bearing liabilities		2,778								4,429
Stockholders’ equity		92,717								97,813
Total liabilities and stockholders’ equity	$	902,430							$	963,550
Net change in interest earning assets and interest bearing liabilities			$	7,787							$	6,587
Interest rate spread							3.63	%							2.83	%
Net interest margin				3.78	%							3.00	%

41

Interest Income. For the three month periods ended March 31, 2015, and March 31, 2014, the Company’s total interest income was $9.2 million and $8.7 million, respectively. For the three month period ended March 31, 2015, and March 31, 2014, interest income on loans was $6.3 million, respectively. The average balance of loans receivable increased from $532.7 million for the three month period ended March 31, 2014, to $541.1 million for the three month period ended March 31, 2015. The ratio of average interest-earning assets to average interest-bearing liabilities increased from 115.54% for the three months ended March 31, 2014, to 118.70% for the three months ended March 31, 2015.

Interest Expense. Interest expense declined $705,000 for the three month period ended March 31, 2015, as compared to the three month period ended March 31, 2014. For the three month period ending March 31, 2015, the Company’s interest expense on FHLB advances was $69,000, compared to $434,000 for the three month period ended March 31, 2014. The Company’s decision to prepay $35.9 million in FHLB advances was the most significant contributing factor in the reduction of the Company’s borrowing expense. The average balance of funds borrowed from the FHLB declined to $23.2 million, from $45.8 million for the three months ended March 31, 2014. The average cost of FHLB borrowings were 3.79% for the three months ended March 31, 2014, and 1.19% for the three months ended March 31, 2015.

For the three month period ended March 31, 2015, the average balance of interest bearing retail time deposits declined $39.6 million to $292.4 million, as compared to $332.0 million for the three month period ended March 31, 2014. The average cost of retail time deposits for the three month periods ended March 31, 2015, and March 31, 2014 was unchanged at 1.16%. At March 31, 2015, the Company has $97.0 million of time deposits scheduled to mature beginning in December 2015 through February 2016, At March 31, 2015, time deposits maturing between December 1, 2015, and February 28, 2016, have a weighted average cost of 1.89% and have an annualized cost of approximately $1.8 million. The Company will attempt to maintain a significant amount of these deposits while re-pricing these deposits to current market rates.

The average balance cost of brokered deposits declined from 1.26% for the three months ended March 31, 2014, to 1.09% for the three months ended March 31, 2015. Over the same period, the average balance of brokered deposits declined $10.7 million to $35.4 million for the three month period ended March 31, 2015, as compared to the three month period ended March 31, 2014. For the three month period ended March 31, 2015, the Company’s total cost of deposits was 0.69% as compared to 0.78% for the three month period ended March 31, 2014.

The average balance of repurchase agreements decreased from $49.4 million for the three months ended March 31, 2014, to $42.5 million for the three month period ended March 31, 2015. The average cost of repurchase agreements was 2.02% for the three months ended March 31, 2014, and 1.13% for the three month period ended March 31, 2015. The reduction in the cost and average balance of repurchase agreements was largely the result of the maturity of a $10.0 million long term wholesale repurchase agreement in September 2014.

42

Provision for Loan Losses. The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in its loan portfolio and the general economy. Such evaluation considers numerous factors including general economic conditions, loan portfolio composition and prior loss experience, the estimated fair value of the underlying collateral and other factors that warrant recognition in providing for an adequate loan loss allowance. The Company determined that an additional $215,000 in provision for loan loss was required for the three month period ended March 31, 2015, compared to a $380,000 provision for loan loss expense for the three month period ended March 31, 2014.

Non-Interest Income. There was a $315,000 increase in non-interest income in the three month period ended March 31, 2015, as compared to the same period in 2014. The increase in non-interest income was largely the result of a $353,000 increase in gains realized on the sale of investments. For the three month period ended March 31, 2015, the Company earned $177,000 in mortgage origination income as compared to $58,000 during the three month period ended March 31, 2014. The Company’s income for services charges was $714,000 for the three month period ended March 31, 2015, compared to $778,000 for the same period in 2014. Likewise, the Company’s financial services commission declined from $206,000 for the three month period ended March 31, 2014, to $159,000 for the three month period ended March 31, 2015.

Non-Interest Expenses. There was a $146,000 increase in total non-interest expenses in the three-month period ended March 31, 2015, as compared to the same period in 2014. The most significant change in non-interest expenses was a $389,000 increase in salaries and benefit expense for the three month period ended March 31, 2015, as compared to the three month period ended March 31, 2014. The increase in salaries and benefits expense was the result of higher cost of healthcare benefits and payroll expenses.

Income Taxes. The effective tax rate for the three-month periods ending March 31, 2015, was 24.3% due to the higher level of taxable net interest income. For the three month period ended March 31, 2014, the Company reflected a tax benefit of $140,000 due to lower levels of taxable net income and the significant amount of tax credits and tax free interest income relatively to taxable interest income.

Liquidity and Capital Resources. The Company has no business other than that of the Bank. Management believes that dividends that may be paid by the Bank to the Company will provide sufficient funds for its current needs. However, no assurance can be given that the Company will not have a need for additional funds in the future. The Bank is subject to certain regulatory limitations with respect to the payment of dividends to the Company.

43

The Bank uses brokered deposits to supplement its asset liability need for longer term deposits at reasonable prices. In addition to the coupon rate listed below, brokered deposits carry an additional fee of approximately 0.25% that includes the cost of selling and servicing the deposits. The Company includes this cost as interest expense on its income statement and on its table on page 46 that provides the yields and cost of assets and liabilities.

At March 31, 2015, the Bank’s brokered deposits consisted of the following:

Issue Date	Interest Rate			Balance		Maturity Date
7/27/2012		0.70	%	$	3,590,000		7/27/2015
7/22/2013		0.65	%		1,940,000		11/22/2015
12/21/2010		1.70	%		805,000		12/21/2015
9/21/2012		0.60	%		2,500,000		1/21/2016
7/9/2012		0.75	%		2,309,000		3/9/2016
3/17/2011		2.25	%		1,500,000		3/17/2016
7/22/2013		0.80	%		2,000,000		7/22/2016
8/6/2014		0.75	%		2,842,000		10/06/2016
10/13/2011		1.35	%		2,086,000		10/13/2016	(1)
3/9/2012		1.00	%		3,044,000		12/9/2016	(1)
7/9/2012		1.05	%		1,446,000		1/9/2017	(1)
1/9/2015		1.00	%		2,077,000		4/9/2017
7/27/2012		1.00	%		1,496,000		7/27/2017	(1)
1/3/2013		1.00	%		3,030,000		1/3/2018
1/9/2015		1.20	%		2,004,000		1/9/2018
Total				$	32,669,000

⁽¹⁾  Denotes brokered deposit with rising rate feature in which the Bank has a call option.

44

In July 2013, the Federal Reserve Board and the FDIC approved final rules that substantially amend the regulatory capital rules applicable to Heritage Bank USA, Inc. and HopFed Bancorp, Inc. The final rules implement the regulatory capital reforms of the Basel Committee on Banking Supervision reflected in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems” (Basel III) and changes required by the Dodd-Frank Act.

Under these rules, the leverage and risk-based capital ratios of bank holding companies may not be lower than the leverage and risk-based capital ratios for insured depository institutions. The final rules implementing the Basel III regulatory capital reforms became effective for the Company and Bank on January 1, 2015, and include new minimum risk-based capital and leverage ratios. Moreover, these rules refine the definition of what constitutes “capital” for purposes of calculating those ratios, including the definitions of Tier 1 capital and Tier 2 capital. The new minimum capital level requirements applicable to bank holding companies and banks subject to the rules are: (i) a new common equity Tier 1 capital ratio of 4.5%; (ii) a Tier 1 risk-based capital ratio of 6% (increased from 4%); (iii) a total risk-based capital ratio of 8% (unchanged from current rules); (iv) a Tier 1 leverage ratio of 4% for all institutions. The rules also establish a “capital conservation buffer” of 2.5% (to be phased in over three years) above the new regulatory minimum risk-based capital ratios, and result in the following minimum ratios once the capital conservation buffer is fully phased in: (i) a common equity Tier 1 risk-based capital ratio of 7%, (ii) a Tier 1 risk-based capital ratio of 8.5%, and (iii) a total risk-based capital ratio of 10.5%. The capital conservation buffer requirement is being phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase each year until fully implemented in January 2019. An institution is subject to limitations on paying dividends, engaging in share repurchases and paying discretionary bonuses if capital levels fall below minimum plus the buffer amounts. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions.

Under these new rules, Tier 1 capital generally consist of common stock (plus related surplus) and retained earnings, limited amounts of minority interest in the form of additional Tier 1 capital instruments, and non-cumulative preferred stock and related surplus, subject to certain eligibility standards, less goodwill and other specified intangible assets and other regulatory deductions. Cumulative preferred stock and trust preferred securities issued after May 19, 2010, will no longer qualify as Tier 1 capital, but such securities issued prior to May 19, 2010, including in the case of bank holding companies with less than $15.0 billion in total assets, trust preferred securities issued prior to that date, will continue to count as Tier 1 capital subject to certain limitations. The definition of Tier 2 capital is generally unchanged for most banking organizations, subject to certain new eligibility criteria.

45

Common equity Tier 1 capital generally consist of common stock (plus related surplus) and retained earnings plus limited amounts of minority interest in the form of common stock, less goodwill and other specified intangible assets and other regulatory deductions. The final rules allow banks and their holding companies with less than $250 billion in assets a one-time opportunity to opt-out of a requirement to include unrealized gains and losses in accumulated other comprehensive income in their capital calculation. The Company has made the decision to opt-out of this requirement.

The Federal Reserve has adopted regulations applicable to bank holding companies with assets over $10 billion that require such holding companies and banks to conduct annual stress tests and report the results to the applicable regulators and publicly disclose a summary of certain capital information and results including pro forma changes in regulatory capital ratios. The Board of Directors and senior management are required to consider the results of the stress test in the normal course of business, including but not limited to capital planning and an assessment of capital adequacy in accordance with management’s policies. The FDIC has adopted all guidelines applicable to state nonmember banks in each case.

At March 31, 2015, the Bank exceeded all regulatory capital requirements. The table below presents certain information relating to the Company’s and Bank’s capital compliance at March 31, 2015:

	Company					Bank
	Amount		Percent			Amount		Percent
	(Dollars in Thousands)
Common equity Tier 1 ratio	$	96,264		16.64	%	$	94,237		16.36	%
Tier 1 leverage ratio	$	96,264		10.73	%	$	94,237		10.53	%
Tier 1 risk-based capital ratio	$	96,264		16.64	%	$	94,237		16.36	%
Total risk based capital ratio	$	102,434		17.71	%	$	100,407		17.43	%

At March 31, 2015, the Bank had $14.4 million in outstanding commitments to originate loans and undisbursed commitments on loans outstanding of $75.4 million. Management believes that the Bank’s sources of funds are sufficient to fund all of its outstanding commitments. Certificates of deposits scheduled to mature in one year or less from March 31, 2015, totaled $199.3 million. Management believes that a significant percentage of such deposits will remain with the Bank.

46

The Bank’s FHLB borrowings are secured by a blanket security agreement pledging the Bank’s 1-4 family first mortgage loans and non-residential real estate loans. At March 31, 2015, the Bank has pledged all eligible 1-4 family first mortgages.

At March 31, 2015, the Bank has outstanding borrowings of $19.0 million from the FHLB. A schedule of FHLB borrowings at March 31, 2015, is provided below:

Outstanding Balance		Rate			Maturity		Note
(Dollars in thousands)
$	4,000		5.34	%		03/17/16
	15,000		0.36	%		06/24/15
$	19,000		1.41	%		0.39 years	Weighted average life

At March 31, 2015, the Bank had $73.8 million in additional borrowing capacity with the FHLB which includes an overnight line of credit of $30.0 million. The Bank has an $8 million unsecured overnight borrowing capacity from a correspondent bank.

The Bank’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit and financial guarantees written is represented by the contractual notional amount of those instruments. The Bank uses the same credit policies in making these commitments and conditional obligations as it does for on-balance-sheet instruments.

At March 31, 2015, the Company had the following off-balance sheet commitments (in thousands):

Standby letters of credit	$	447
Unused home equity lines of credit	$	29,653
Unused commercial lines of credit	$	45,758
Unused unsecured personal lines of credit	$	35,542
Unfunded commitments on commercial loans	$	14,372

47

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements. Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. The words “believe,” “expect,” “seek,” and “intend” and similar expressions identify forward-looking statements, which speak only as of the date the statement is made. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may include, but are not limited to, projections of income or loss, expenditures, acquisitions, plans for future operations, financing needs or plans relating to services of the Company, as well as assumptions relating to the foregoing.

Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by or underlying the forward-looking statements. The Company does not undertake, and specifically disclaims, any obligation to publicly release the results of revisions, which may be made to forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

The actual results of the Company’s asset liability management analysis are highly dependent on the prepayment speed of mortgage backed securities and collateralized mortgage obligations. The United States Treasury’s policy of purchasing longer dated Treasury bonds has the result of lowering mortgage loan rates, allowing more consumers to refinance their mortgages and pay-off their current mortgage, resulting in higher prepayment speeds on mortgage investment products.

The effects of rising interest rates are discussed throughout Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Actual results for the year ending December 31, 2015, will differ from simulations due to timing, magnitude, and the frequency or interest rate changes, market conditions, management strategies, and the timing of the Company’s cash receipts and disbursements.

The Company’s analysis at March 31, 2015, indicates that changes in interest rates are less likely to result in significant changes in the Company’s annual net interest income. A summary of the Company’s analysis at March 31, 2015, for the twelve month period ending March 31, 2016, is as follows:

	Down 1.00%		No change		Up 1.00%		Up 2.00%		Up 3.00%
			(Dollars In Thousands)
Net interest income	$	25,625	$	26,896	$	27,648	$	28,453	$	29,173

48

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

In accordance with Rule 13a-15(b) under the Securities Exchange Act of 1934 (the “Exchange Act”), an evaluation was carried out with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the quarter ended March 31, 2015.

Based upon their evaluation of these disclosure controls and procedures, the Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of the end of the three months ended March 31, 2015, to ensure that material information relating to the Company, including its consolidated subsidiaries, was made known to them by others within those entities, particularly during the period in which this quarterly report on Form 10-Q was being prepared.

Any control system, no matter how well conceived and operated, can provide only reasonable assurance that its objectives are achieved. The design of a control system inherently has limitations, including the controls cost relative to their benefits. Additionally, controls can be circumvented. No cost-effective control system can provide absolute assurance that all control issues and instances of fraud will be detected.

The Company is subject to Section 404 of The Sarbanes-Oxley Act of 2002. Section 404 requires management to assess and report on the effectiveness of the Company’s internal controls over financial reporting.

Changes in Internal Control over Financial Reporting

There were no changes in the Company’s internal control over financial reporting during the Company’s fiscal quarter ended March 31, 2015, that have materially affected, or are reasonable likely to materially affect, the Company’s internal control over financial reporting.

49

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The Company currently has no material pending legal proceedings

Item 1A. Risk Factors

There have been no material changes to our risk factors as previously disclosed in Part 1, Item 1A of our annual report on Form 10K for the fiscal year ended December 31, 2014.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(a) Unregistered Sales of Equity Securities.

On March 2, 2015, the Company sold 600,000 shares of treasury stock to the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan for $13.14 per share, the closing price of the Company’s common stock on February 27, 2015.

(b) Use of Proceeds. Not applicable

(c) Repurchase of Equity Securities

Period	Total Number of Shares Purchased		Average Price Paid Per Share		Total number of shares Purchased as part of Publically Announced Programs		Maximum Number of Shares that Yet may be Purchased Under the Program at the end of the period
January 1, 2015, to January 31, 2015		6,900	$	13.19		785,283		1,292,633
February 1, 2015, to February 28, 2015		614,943	$	13.47		1,400,226		677,690
March 1, 2015, to March 31, 2015		103,498	$	13.03		1,503,724		574,192
Total		725,341	$	13.40		1,503,724		574,192

50

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

Not Applicable

Item 5. Other Information

None

Item 6. Exhibits

31.1	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for John E. Peck, Chief Executive Officer.
31.2	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Billy C. Duvall, Chief Financial Officer.
32.1	Certification Pursuant to Section 18 U.S.C. Section 1350 for John E. Peck, Chief Executive Officer.
32.2	Certification Pursuant to Section 18 U.S.C. Section 1350 for Billy C. Duvall, Chief Financial Officer.
101	The following materials from the Company’s quarterly report on Form 10-Q for the three month period ended March 31, 2015, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Consolidated Statements of Financial Condition as of March 31, 2015 (unaudited) and December 31, 2014, (ii) Condensed Consolidated Statements of Income for the three-month periods ended March 31, 2015 and 2014 (unaudited), (iii) Consolidated Condensed Statement of Comprehensive Income for the three-month periods ended March 31, 2015, and March 31, 2014 (unaudited), (iv) Consolidated Condensed Statement of Stockholders’ Equity, for the three-month periods ended March 31, 2015, and March 31, 2014 (unaudited); and (v) Condensed Consolidated Statements of Cash Flows, for the three month periods ended March 31, 2015 and March 31, 2014 (unaudited), and (iv) Notes to Condensed Consolidated Financial Statements (unaudited), tagged as blocks of text.

51

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 thereunto duly authorized.

	HOPFED BANCORP, INC.
Date: May 11, 2015	/s/ John E. Peck
	John E. Peck
	President and Chief Executive Officer
Date: May 11, 2015	/s/ Billy C. Duvall
	Billy C. Duvall
	Senior Vice President, Chief Financial
	Officer and Treasurer

52

EX-31.1

Exhibit 31.1

CERTIFICATION

I, John E. Peck, certify that:

(1) I have reviewed this quarterly report on Form 10-Q of HopFed Bancorp, Inc.;

(2) Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

(3) Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and

(d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonable likely to materially affect, the registrants internal control over financial reporting; and

1

(5) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant roles in the registrant’s internal control over financial reporting.

Date: May 11, 2015	/s/ John. E. Peck
	John E. Peck, Chief Executive Officer

2

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Billy C. Duvall, certify that:

(1) I have reviewed this quarterly report on Form 10-Q of HopFed Bancorp, Inc.;

(2) Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

(3) Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report, based on such evaluation; and

(d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonable likely to materially affect, the registrants internal control over financial reporting; and

1

(5) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant roles in the registrant’s internal control over financial reporting.

Date: May 11, 2015	/s/ Billy C. Duvall
	Billy C. Duvall, Chief Financial Officer

2

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of HopFed Bancorp, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John E. Peck, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and the result of operations of the Company.

Date: May 11, 2015

/s/ John E. Peck

John E. Peck, Chief Executive Officer

A signed original of this written statement required by Section 906 has been provided to HopFed Bancorp, Inc. and will be retained by HopFed Bancorp, Inc. and furnished to the Securities and Exchange Commission or its staff upon request. The information furnished herein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE

SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of HopFed Bancorp, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Billy C. Duvall, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and the result of operations of the Company.

Date: May 11, 2015

/s/ Billy C. Duvall

Billy C. Duvall, Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to HopFed Bancorp, Inc. and will be retained by HopFed Bancorp, Inc. and furnished to the Securities and Exchange Commission or its staff upon request. The information furnished herein shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

XML

Loans - Non-Accrual Loans (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	$ 2,124	$ 3,175	$ 10,032
One-to-Four Family Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	1,235	1,501	1,056
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans			49
Junior Liens [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans			1
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans		95
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans		215	1,217
Non-Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	542	1,159	6,585
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans		115	669
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans			2
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total non-accrual loans	$ 347	$ 90	$ 453

XML

Fair Value of Assets and Liabilities - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets
Available for sale securities	$ 259,867	$ 303,628
Fair Value, Measurements, Recurring [Member]
Assets
Available for sale securities	259,867	303,628
Liabilities
Interest rate swap	294	390
Significant Other Observable Inputs (Level 2) [Member]
Assets
Available for sale securities	258,068	302,139
Liabilities
Interest rate swap	294	390
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Available for sale securities	258,068	302,139
Liabilities
Interest rate swap	294	390
Significant Unobservable Inputs (Level 3) [Member]
Assets
Available for sale securities	1,799	1,489
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Available for sale securities	$ 1,799	$ 1,489

XML

Real Estate and Other Assets Owned - Summary of Activity in Company's Real Estate and Other Assets Owned (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 1,927	$ 1,674	$ 1,680
Foreclosures	464	1,579
Proceeds/Sales	(46)	(1,118)
Reduction in Values		(162)
Gain (Loss) on Sale	7	(46)
Ending balance	2,352	1,927	1,680
One-to-Four Family Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	159	350	446
Foreclosures	55	461
Proceeds/Sales	(46)	(667)
Reduction in Values		(5)
Gain (Loss) on Sale	7	20
Ending balance	175	159	446
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance		1,124	1,034
Foreclosures		943
Proceeds/Sales		(123)
Reduction in Values		(157)
Gain (Loss) on Sale		(19)
Ending balance	1,768	1,768	1,034
Non-Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance		200	200
Foreclosures	409	175
Proceeds/Sales		(328)
Gain (Loss) on Sale		(47)
Ending balance	$ 409		$ 200

XML

Fair Value of Assets and Liabilities - Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets
Other real estate and other assets owned	$ 2,352	$ 1,927
Fair Value, Measurements, Nonrecurring [Member]
Assets
Other real estate and other assets owned	2,352	1,927
Impaired loans, net of reserve	30,098	35,853
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Nonrecurring [Member]
Assets
Other real estate and other assets owned	2,352	1,927
Impaired loans, net of reserve	$ 30,098	$ 35,853

XML

Real Estate and Other Assets Owned - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Banking and Thrift [Abstract]
Minimum book balance for appraisal on all real estate owned	$ 250,000

XML

Stock Compensation - Company's Future Compensation Expense Related to Restricted Stock Vesting (Detail) (USD $)	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
2015	$ 136,818
2016	132,780
2017	45,954
2018	3,127
Total	$ 318,679

XML

Fair Value of Assets and Liabilities - Roll-Forward of the Consolidated Condensed Statement of Financial Condition Items (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Other Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, Beginning balance	$ 1,489	$ 1,489
Change in unrealized losses included in other comprehensive income for assets and liabilities still held at March 31,	306
Accretion of previous discounted amounts	4
Purchases, issuances and settlements, net	0	0
Transfers in and/or out of Level 3	0	0
Fair value, Ending balance	1,799	1,489
Other Liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchases, issuances and settlements, net	0	0
Transfers in and/or out of Level 3	$ 0	$ 0

XML

Securities (Tables)

3 Months Ended

Mar. 31, 2015

Cash and Cash Equivalents [Abstract]

Amortized Cost of Securities and their Estimated Fair Values

The carrying amount of securities and their estimated fair values at March 31, 2015, were as follows:

	March 31, 2015
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in Thousands)
Restricted
FHLB stock	$	4,428		—		—			4,428
Available for sale
U.S. Treasury securities	$	2,002		10		—			2,012
U.S. Agency securities		102,125		2,654		(151	)		104,628
Taxable municipal bonds		10,080		265		(24	)		10,321
Tax free municipal bonds		50,646		3,219		(118	)		53,747
Trust preferred securities		1,604		195		—			1,799
Mortgage-backed securities:
GNMA		21,500		317		(61	)		21,756
FNMA		33,732		796		(38	)		34,490
FHLMC		933		32		—			965
SLMA CMO		5,743		—		(52	)		5,691
AGENCY CMO		24,230		271		(43	)		24,458
	$	252,595		7,759		(487	)		259,867

The carrying amount of securities and their estimated fair values at December 31, 2014, was as follows:

	December 31, 2014
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in Thousands)
Restricted
FHLB stock	$	4,428		—		—			4,428
Available for sale
U.S. Treasury securities	$	3,977		3		—			3,980
U.S. Agency securities		101,654		2,125		(527	)		103,252
Tax free municipal bonds		57,399		3,814		(166	)		61,047
Taxable municipal bonds		11,871		235		(63	)		12,043
Trust preferred securities		1,600		—		(111	)		1,489
Commercial bonds		2,000		7		—			2,007
Mortgage-backed securities:
GNMA		27,535		670		(122	)		28,083
FNMA		50,617		694		(536	)		50,775
FHLMC		3,276		38		—			3,314
SLMA CMO		9,895		—		(252	)		9,643
AGENCY CMO		28,024		176		(205	)		27,995
	$	297,848		7,762		(1,982	)		303,628

Maturities of Debt Securities Available for Sale

The scheduled maturities of debt securities available for sale at March 31, 2015, were as follows:

			Estimated
	Amortized		Fair
March 31, 2015	Cost		Value
Due within one year	$	4,830	$	4,927
Due in one to five years		19,749		20,064
Due in five to ten years		41,165		42,393
Due after ten years		27,961		29,925
		93,705		97,309
Amortizing agency bonds		72,752		75,198
Mortgage-backed securities		86,138		87,360
Total unrestricted securities available for sale	$	252,595	$	259,867

The scheduled maturities of debt securities available for sale at December 31, 2014, were as follows:

			Estimated
	Amortized		Fair
December 31, 2014	Cost		Value
Due within one year	$	4,830	$	4,927
Due in one to five years		21,564		21,818
Due in five to ten years		41,683		42,613
Due after ten years		33,119		35,380
		101,196		104,738
Amortizing agency bonds		77,305		79,080
Mortgage-backed securities		119,347		119,810
Total unrestricted securities available for sale	$	297,848	$	303,628

Estimated Fair Value and Unrealized Loss Amounts of Impaired Investments

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of March 31, 2015, are as follows:

	Less than 12 months					12 months or longer					Total
	Estimated		Unrealized			Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
	(Dollars in Thousands)
Available for sale
U.S. government and agency securities
Agency debt securities	$	9,130		(47	)		12,911		(104	)		22,041		(151	)
Taxable municipals		—		—			3,049		(24	)		3,049		(24	)
Tax free municipals		—		—			6,476		(118	)		6,476		(118	)
Mortgage-backed securities
GNMA		9,464		(49	)		5,265		(12	)		14,729		(61	)
FNMA		—		—			3,087		(38	)		3,087		(38	)
SLMA CMOs		—		—			5,691		(52	)		5,691		(52	)
AGENCY CMOs		5,562		(12	)		3,593		(31	)		9,155		(43	)
Total available for sale	$	24,156		(108	)		40,072		(379	)		64,228		(487	)

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of December 31, 2014, were as follows:

	Less than 12 months					12 months or longer					Total
December 31, 2014	Estimated		Unrealized			Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
Available for sale
U.S. government and agency securities
Agency debt securities	$	14,021		(20	)		29,156		(507	)		43,177		(527	)
Taxable municipals		—		—			4,785		(63	)		4,785		(63	)
Tax free municipals		—		—			6,647		(166	)		6,647		(166	)
Trust preferred securities		—		—			1,489		(111	)		1,489		(111	)
Mortgage-backed securities
GNMA		12,568		(108	)		2,895		(14	)		15,463		(122	)
FNMA		—		—			18,927		(536	)		18,927		(536	)
SLMA CMOs		1,923		(14	)		7,720		(238	)		9,643		(252	)
AGENCY CMOs		9,545		(91	)		7,685		(114	)		17,230		(205	)
Total available for sale	$	38,057		(233	)		79,304		(1,749	)		117,361		(1,982	)

XML

Investments in Affiliated Companies - Summary Statements of Financial Condition (Detail) (Majority-Owned Subsidiary, Unconsolidated [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets - investment in subordinated debentures issued by HopFed Bancorp, Inc.	$ 10,310	$ 10,310
Liabilities	0	0
Total stockholders' equity	10,310	10,310
Trust Preferred Securities [Member]
Total stockholders' equity	10,000	10,000
Common Stock [Member]
Total stockholders' equity	$ 310	$ 310

XML

Loans - Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Impairment Method (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 1,790	$ 1,514
Collectively evaluated for impairment	4,380	4,775
Total ending allowance balance	6,170	6,289	8,900
Loans individually evaluated for impairment	31,888	37,367
Loans collectively evaluated for impairment	523,370	508,472
Total ending loans balance	555,258	545,839
Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	140
Collectively evaluated for impairment	498	504
Total ending allowance balance	638	504
Loans individually evaluated for impairment	2,190	2,583
Loans collectively evaluated for impairment	76,965	71,571
Total ending loans balance	79,155	74,154
Land Development/Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	766	663
Collectively evaluated for impairment	574	606
Total ending allowance balance	1,340	1,269
Loans individually evaluated for impairment	8,082	10,964
Loans collectively evaluated for impairment	44,868	39,931
Total ending loans balance	52,950	50,895
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	703	738
Collectively evaluated for impairment	1,766	1,891
Total ending allowance balance	2,469	2,629
Loans individually evaluated for impairment	17,386	18,508
Loans collectively evaluated for impairment	206,961	200,953
Total ending loans balance	224,347	219,461
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	136	51
Collectively evaluated for impairment	1,196	1,342
Total ending allowance balance	1,332	1,393
Loans individually evaluated for impairment	4,044	5,013
Loans collectively evaluated for impairment	179,948	181,878
Total ending loans balance	183,992	186,891
Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	45	62
Collectively evaluated for impairment	346	432
Total ending allowance balance	391	494
Loans individually evaluated for impairment	186	299
Loans collectively evaluated for impairment	14,628	14,139
Total ending loans balance	$ 14,814	$ 14,438

XML

Loans - Composition of Loan Portfolio by Type of Loan (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Real estate loans:
Total loans, gross	$ 555,258	$ 545,839
Deferred loan cost, net of income	(348)	(286)
Less allowance for loan losses	(6,170)	(6,289)	(8,900)
Total loans	548,740	539,264
Loans and Leases Receivable in Percentage	100.00%	100.00%
Real Estate Loans [Member]
Real estate loans:
Total loans, gross	461,289	457,247
Loans and Leases Receivable in Percentage	83.00%	83.80%
Consumer Loans [Member]
Real estate loans:
Total loans, gross	14,814	14,438
Loans and Leases Receivable in Percentage	2.70%	2.60%
Commercial Loans [Member]
Real estate loans:
Total loans, gross	79,155	74,154
Loans and Leases Receivable in Percentage	14.30%	13.60%
Total Other Loans [Member]
Real estate loans:
Total loans, gross	93,969	88,592
Loans and Leases Receivable in Percentage	17.00%	16.20%
One-to-Four Family Mortgages [Member]
Real estate loans:
Total loans, gross	147,835	150,551
One-to-Four Family Mortgages [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	147,835	150,551
Loans and Leases Receivable in Percentage	26.60%	27.60%
Second Mortgages (Closed End) [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	2,050	2,102
Loans and Leases Receivable in Percentage	0.40%	0.40%
Home Equity Line of Credit [Member]
Real estate loans:
Total loans, gross	34,107	34,238
Home Equity Line of Credit [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	34,107	34,238
Loans and Leases Receivable in Percentage	6.10%	6.30%
Multi-Family [Member]
Real estate loans:
Total loans, gross	22,069	25,991
Multi-Family [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	22,069	25,991
Loans and Leases Receivable in Percentage	4.00%	4.80%
Construction [Member]
Real estate loans:
Total loans, gross	26,736	24,241
Construction [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	26,736	24,241
Loans and Leases Receivable in Percentage	4.80%	4.40%
Land [Member]
Real estate loans:
Total loans, gross	26,214	26,654
Land [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	26,214	26,654
Loans and Leases Receivable in Percentage	4.70%	4.90%
Farmland [Member]
Real estate loans:
Total loans, gross	42,283	42,874
Farmland [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	42,283	42,874
Loans and Leases Receivable in Percentage	7.60%	7.80%
Non-Residential Real Estate [Member]
Real estate loans:
Total loans, gross	159,995	150,596
Non-Residential Real Estate [Member] | Real Estate Loans [Member]
Real estate loans:
Total loans, gross	$ 159,995	$ 150,596
Loans and Leases Receivable in Percentage	28.80%	27.60%

XML

Investments in Affiliated Companies - Summary Statement of Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Schedule of Equity Method Investments [Line Items]
Income - interest income from subordinated debentures issued by HopFed Bancorp, Inc.	$ 9,195	$ 8,658
Majority-Owned Subsidiary, Unconsolidated [Member]
Schedule of Equity Method Investments [Line Items]
Income - interest income from subordinated debentures issued by HopFed Bancorp, Inc.	85	86
Net income	$ 85	$ 86

XML

Other Assets - Schedule of Investments Recognized In Net Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Investment Income, Net [Abstract]
Investment loss included in pre-tax income	$ 55	$ 51
Tax credits recognized in provision for income taxes	$ 24	$ 20

XML

Real Estate and Other Assets Owned - Presentation of Balances in Other Real Estate and Other Assets Owned and Non-Accrual Loans Consisting Other Non-Performing Loan (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total other assets owned	$ 2,352	$ 1,927	$ 1,680	$ 1,674
Total non-accrual loans	2,124	3,175	10,032
Total non-performing assets	4,476	5,102	11,712
Non-performing assets / Total assets	0.50%	0.55%	1.21%
One-to-Four Family Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total other assets owned	175	159	446	350
Total non-accrual loans	1,235	1,501	1,056
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total other assets owned	1,768	1,768	1,034	1,124
Total non-accrual loans		215	1,217
Non-Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total other assets owned	409		200	200
Total non-accrual loans	$ 542	$ 1,159	$ 6,585

XML

Consolidated Condensed Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net cash provided by operating activities	$ 1,673	$ 1,864
Cash flows from investing activities
Proceeds from sales, calls and maturities of securities available for sale	59,190	16,463
Purchase of securities available for sale	(14,075)	(36,904)
Net (increase) decrease in loans	(10,155)	7,068
Proceeds from sale of foreclosed assets	46	137
Purchase of premises and equipment	(655)	(332)
Net cash provided by (used in) investing activities	34,351	(13,568)
Cash flows from financing activities:
Net increase (decrease) in demand deposits	(4,223)	596
Net increase (decrease) in time and other deposits	124	(2,067)
Increase (decrease) in advances from borrowers for taxes and insurance	280	51
Repayment of advances from Federal Home Loan Bank	(15,000)	(5,500)
Net increase (decrease) in repurchase agreements	(11,892)	(2,630)
Cash used to repurchase treasury stock	(9,722)	(120)
Dividends paid on common stock	(281)	(295)
Net cash used in financing activities	(40,714)	(9,965)
Decrease in cash and cash equivalents	(4,690)	(21,669)
Cash and cash equivalents, beginning of period	40,439	55,848
Cash and cash equivalents, end of period	35,749	34,179
Supplemental disclosures of cash flow information:
Interest paid	1,662	2,380
Income taxes paid	0	0
Supplemental disclosures of non-cash investing and financing activities:
Loans charged off	403	196
Foreclosures and in substance foreclosures of loans during period	464	166
Net unrealized gains on investment securities classified as available for sale	1,493	2,688
Decrease in deferred tax asset related to unrealized gains on investments	(508)	(916)
Dividends declared and payable	272	324
Issue of common stock to ESOP	$ 7,884

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Other Assets - Additional Information (Detail) (USD $)	Mar. 31, 2015 Investment
Net Investment Income [Line Items]
Number of investments	2
Investment One [Member]
Net Investment Income [Line Items]
Future capital commitments	0
Investment Two [Member]
Net Investment Income [Line Items]
Future capital commitments	0
Other Assets [Member] | Investment One [Member]
Net Investment Income [Line Items]
Investment in each entity	422,000
Other Assets [Member] | Investment Two [Member]
Net Investment Income [Line Items]
Investment in each entity	1,000,000

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Loans - Summary of Company's Impaired Loans (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 555,258	$ 545,839
Specific (Reserve) Allowance for Impairment	1,790	1,514
(Reserve) Allowance for Performing Loans	4,380	4,775
One-to-Four Family Mortgages [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	147,835	150,551
Specific (Reserve) Allowance for Impairment	136	51
(Reserve) Allowance for Performing Loans	1,022	1,147
Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	34,107	34,238
(Reserve) Allowance for Performing Loans	163	181
Junior Liens [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	2,050	2,102
(Reserve) Allowance for Performing Loans	11	14
Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	22,069	25,991
(Reserve) Allowance for Performing Loans	69	85
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	26,736	24,241
(Reserve) Allowance for Performing Loans	110	146
Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	26,214	26,654
Specific (Reserve) Allowance for Impairment	766	663
(Reserve) Allowance for Performing Loans	464	460
Non-Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	159,995	150,596
Specific (Reserve) Allowance for Impairment	703	738
(Reserve) Allowance for Performing Loans	1,308	1,345
Farmland [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	42,283	42,874
(Reserve) Allowance for Performing Loans	389	461
Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	14,814	14,438
Specific (Reserve) Allowance for Impairment	45	62
(Reserve) Allowance for Performing Loans	346	432
Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	79,155	74,154
Specific (Reserve) Allowance for Impairment	140
(Reserve) Allowance for Performing Loans	498	504
Pass [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	519,967	498,609
Pass [Member] | One-to-Four Family Mortgages [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	144,453	146,129
Pass [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	33,099	33,481
Pass [Member] | Junior Liens [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	1,992	2,025
Pass [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	17,128	20,066
Pass [Member] | Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	26,736	24,241
Pass [Member] | Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	15,453	15,328
Pass [Member] | Non-Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	148,306	131,854
Pass [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	41,350	40,121
Pass [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	14,628	14,118
Pass [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	76,822	71,246
Special Mention [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	3,403	9,863
Special Mention [Member] | One-to-Four Family Mortgages [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total		203
Special Mention [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	243
Special Mention [Member] | Junior Liens [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	39	40
Special Mention [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	1,944	2,904
Special Mention [Member] | Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	45	362
Special Mention [Member] | Non-Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	297	5,492
Special Mention [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	692	516
Special Mention [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total		21
Special Mention [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	143	325
Impaired Loans Substandard [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	31,888	37,367
Impaired Loans Substandard [Member] | One-to-Four Family Mortgages [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	3,382	4,219
Impaired Loans Substandard [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	765	757
Impaired Loans Substandard [Member] | Junior Liens [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	19	37
Impaired Loans Substandard [Member] | Multi-Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	2,997	3,021
Impaired Loans Substandard [Member] | Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	10,716	10,964
Impaired Loans Substandard [Member] | Non-Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	11,392	13,250
Impaired Loans Substandard [Member] | Farmland [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	241	2,237
Impaired Loans Substandard [Member] | Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	186	299
Impaired Loans Substandard [Member] | Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Total	$ 2,190	$ 2,583

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Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The assets and liabilities measured at fair value on a recurring basis at March 31, 2015, are summarized below:

March 31, 2015	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	March 31, 2015		(Level 1)		(Level 2)		(Level 3)
Assets
Available for sale securities	$	259,867		—		258,068		1,799
Liabilities
Interest rate swap	$	294		—		294		—

The assets and liabilities measured at fair value on a recurring basis at December 31, 2014, are summarized below

December 31, 2014	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	December 31, 2014		(Level 1)		(Level 2)		(Level 3)
Assets
Available for sale securities	$	303,628		—		302,139		1,489
Liabilities
Interest rate swap	$	390		—		390		—

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

The assets and liabilities measured at fair value on a non-recurring basis are summarized below for March 31, 2015:

March 31, 2015	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	3/31/2015		(Level 1)		(Level 2)		(Level 3)
	(Dollars in Thousands)
Assets
Other real estate and other assets owned	$	2,352		—		—	$	2,352
Impaired loans, net of reserve of $1,790	$	30,098		—		—	$	30,098

The assets and liabilities measured at fair value on a non-recurring basis are summarized below for December 31, 2014:

December 31, 2014	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	12/31/2014		(Level 1)		(Level 2)		(Level 3)
Assets
Other real estate and other assets owned	$	1,927		—		—	$	1,927
Impaired loans, net of reserve of $1,514	$	35,853		—		—	$	35,853

Roll-Forward of the Consolidated Condensed Statement of Financial Condition Items

The table below includes a roll-forward of the consolidated condensed statement of financial condition items for the three month periods ended March 31, 2015, and March 31, 2014, (including the change in fair value) for assets and liabilities classified by HopFed Bancorp, Inc. within level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify an asset or liability within level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since level 3 assets and liabilities typically include, in addition to the unobservable or level 3 components, observable components (that is components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology.

	2015				2014
Three month period ended March 31,	Other Assets		Other Liabilities		Other Assets		Other Liabilities
	(Dollars in Thousands)
Fair value, January 1,	$	1,489		—		1,489		—
Change in unrealized losses included in other comprehensive income for assets and liabilities still held at March 31,		306		—		—		—
Accretion of previous discounted amounts		4
Purchases, issuances and settlements, net		—		—		—		—
Transfers in and/or out of Level 3		—		—		—		—
Fair value, March 31,	$	1,799		—		1,489		—

Estimated Fair Values of Financial Instruments

The estimated fair values of financial instruments were as follows at March 31, 2015:

	Carrying Amount		Estimated Fair Value		Quoted Prices In Active Markets for Identical Assets Level 1		Using Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	26,150		26,150		26,150		—		—
Interest-earning deposits		9,599		9,599		9,599		—		—
Securities available for sale		259,867		259,867		—		258,068		1,799
Federal Home Loan Bank stock		4,428		4,428		—		4,428		—
Loans held for sale		2,051		2,051		—		2,051		—
Loans receivable		548,740		546,293		—		—		546,293
Accrued interest receivable		4,228		4,228		—		4,228		—
Financial liabilities:
Deposits		727,209		710,167		—		710,167		—
Advances from borrowers for taxes and insurance		793		793		—		793		—
Advances from Federal Home Loan Bank		19,000		19,179		—		19,179		—
Repurchase agreements		45,466		45,766		—		45,766		—
Subordinated debentures		10,310		10,099		—		—		10,099
Off-balance-sheet liabilities:
Market value of interest rate swap		294		294		—		294		—

The estimated fair values of financial instruments were as follows at December 31, 2014:

	Carrying Amount		Estimated Fair Value		Quoted Prices In Active Markets for Identical Assets Level 1		Using Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	34,389		34,389		34,389		—		—
Interest-earning deposits		6,050		6,050		6,050		—		—
Securities available for sale		303,628		303,628		—		302,139		1,489
Federal Home Loan Bank stock		4,428		4,428		—		4,428		—
Loans held for sale		1,444		1,444		—		1,444		—
Loans receivable		539,264		537,493		—		—		537,493
Accrued interest receivable		4,576		4,576		—		4,576		—
Financial liabilities:
Deposits		731,308		714,750		—		714,750		—
Advances from borrowers for taxes and insurance		513		513		—		513		—
Advances from Federal Home Loan Bank		34,000		34,217		—		34,217		—
Repurchase agreements		57,358		57,688		—		57,688		—
Subordinated debentures		10,310		10,099		—		—		10,099
Off-balance-sheet liabilities:
Market value of interest rate swap		390		390		—		390		—

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Investments in Affiliated Companies (Tables) (Equity Method Investments [Member])

3 Months Ended

Mar. 31, 2015

Equity Method Investments [Member]

Summary Statements of Financial Condition

Summary Statements of Financial Condition

	At March 31, 2015		At December 31, 2014
Assets - 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 Statement of Income

Summary Statements of Income

	Three Month Periods Ended March 31,
	2015		2014
Income – interest income from subordinated debentures issued by HopFed Bancorp, Inc.	$	85		86
Net income	$	85		86

Summary Statement of Stockholder's Equity

Summary Statement of Stockholders’ Equity

	Trust Preferred Securities		Common Stock		Retained Earnings			Total Stockholders’ Equity
Beginning balances, December 31, 2014	$	10,000		310		—			10,310
Net income		—		—		85			85
Dividends:
Trust preferred securities		—		—		(82	)		(82	)
Common paid to HopFed Bancorp, Inc.		—		—		(3	)		(3	)
Ending balances, March 31, 2015	$	10,000		310		—			10,310

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Fair Value of Assets and Liabilities - Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Reserve on impaired loans	$ 1,790	$ 1,514	$ 1,900
Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Reserve on impaired loans	$ 1,790	$ 1,514

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Loans - Impaired Loans by Classification Type (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Mar. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 25,690	$ 31,984	$ 31,984
Total impaired loans Recorded Investment	31,888	37,367	37,367	42,600
Unpaid Principal Balance	25,690	31,984	31,984
Total impaired loans Unpaid Principal Balance	31,888	38,945	38,945
Related Allowance	0	0	0
Average Recorded Investment	25,690	28,972
Interest Income Recognized	392	1,693
Recorded Investment	6,198	5,383	5,383
Unpaid Principal Balance	6,198	6,961	6,961
Related Allowance	1,790	1,514	1,514	1,900
Average Recorded Investment	6,198		9,543
Total impaired loans Average Recorded Investment	31,888		38,515
Interest Income Recognized	71		273
Total impaired loans Interest Income Recognized	463		1,966
One-to-Four Family Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,668	3,501	3,501
Unpaid Principal Balance	2,668	3,501	3,501
Related Allowance	0	0	0
Average Recorded Investment	2,668	2,972
Interest Income Recognized	18	176
Recorded Investment	714	718	718
Unpaid Principal Balance	714	718	718
Related Allowance	136	51	51
Average Recorded Investment	714		1,434
Interest Income Recognized	10		44
Home Equity Line of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	765	757	757
Unpaid Principal Balance	765	757	757
Related Allowance	0	0	0
Average Recorded Investment	765	690
Interest Income Recognized	9	35
Junior Liens [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	19	37	37
Unpaid Principal Balance	19	37	37
Related Allowance	0	0	0
Average Recorded Investment	19	39
Interest Income Recognized		2
Multi-Family [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,997	3,021	3,021
Unpaid Principal Balance	2,997	3,021	3,021
Related Allowance	0	0	0
Average Recorded Investment	2,997	1,342
Interest Income Recognized	51	190
Construction [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	0	0	0
Average Recorded Investment		29
Land [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	7,295	7,740	7,740
Unpaid Principal Balance	7,295	7,740	7,740
Related Allowance	0	0	0
Average Recorded Investment	7,295	8,978
Interest Income Recognized	146	339
Recorded Investment	3,421	3,224	3,224
Unpaid Principal Balance	3,421	4,737	4,737
Related Allowance	766	663	663
Average Recorded Investment	3,421		3,418
Interest Income Recognized	32		160
Farmland [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	241	2,237	2,237
Unpaid Principal Balance	241	2,237	2,237
Related Allowance	0	0	0
Average Recorded Investment	241	3,968
Interest Income Recognized		125
Average Recorded Investment			619
Non-Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	10,211	12,057	12,057
Unpaid Principal Balance	10,211	12,057	12,057
Related Allowance	0	0	0
Average Recorded Investment	10,211	8,672
Interest Income Recognized	137	669
Recorded Investment	1,181	1,193	1,193
Unpaid Principal Balance	1,181	1,258	1,258
Related Allowance	703	738	738
Average Recorded Investment	1,181		3,617
Interest Income Recognized	10		69
Consumer Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	7	51	51
Unpaid Principal Balance	7	51	51
Related Allowance	0	0	0
Average Recorded Investment	7	36
Interest Income Recognized		3
Recorded Investment	179	248	248
Unpaid Principal Balance	179	248	248
Related Allowance	45	62	62
Average Recorded Investment	179		355
Commercial Loans [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,487	2,583	2,583
Unpaid Principal Balance	1,487	2,583	2,583
Related Allowance	0	0	0
Average Recorded Investment	1,487	2,246
Interest Income Recognized	31	154
Recorded Investment	703
Unpaid Principal Balance	703
Related Allowance	140
Average Recorded Investment	703		100
Interest Income Recognized	$ 19

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Other Assets (Tables)

3 Months Ended

Mar. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Investments Recognized In Net Income

The amounts recognized in net income for these investments include:

	For the three months ended March 31,
	2015		2014
Investment loss included in pre-tax income	$	55	$	51
Tax credits recognized in provision for income taxes		24		20

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Income Per Share - Reconciliation of Basic and Diluted Income Per Share (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Basic IPS:
Net income	$ 1,355,000	$ 354,000
Average common shares outstanding	6,732,456	7,416,716
Net income per share	$ 0.20	$ 0.05
Diluted IPS:
Net income	$ 1,355,000	$ 354,000
Average common shares outstanding	6,732,456	7,416,716
Dilutive effect of stock options	0	0
Average diluted shares outstanding	6,732,456	7,416,716
Net income per share, diluted	$ 0.20	$ 0.05

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Consolidated Condensed Statement of Stockholders Equity (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net change in unrealized gain on securities available for sale, income taxes	$ (508)	$ (916)
Net change in unrealized loss on derivatives, income tax benefit	(32)	25
Accumulated Other Comprehensive Income [Member]
Net change in unrealized gain on securities available for sale, income taxes	(508)	(916)
Net change in unrealized loss on derivatives, income tax benefit	$ (32)	$ 25

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Stock Compensation - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
2004 Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost related to the HopFed Bancorp, Inc	$ 49,000	$ 31,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock issued	0	0

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Loans - Allowance for Loan Loss Account by Loan (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 6,289	$ 8,682	$ 8,682
Charge off	(403)	(196)	(1,232)
Recovery	69		1,112
General Provision	(308)		(1,846)
Specific Provision	523		(427)
Ending balance	6,170		6,289
One-to-Four Family Mortgages [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,198	2,048	2,048
Charge off	(64)		(233)
Recovery	10		24
General Provision	(124)		(304)
Specific Provision	138		(337)
Ending balance	1,158		1,198
Home Equity Line of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	181	218	218
Charge off			(83)
Recovery	1		3
General Provision	(19)		(37)
Specific Provision			80
Ending balance	163		181
Junior Liens [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	14	39	39
Recovery	1		9
General Provision	(4)		(25)
Specific Provision			(9)
Ending balance	11		14
Multi-Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	85	466	466
General Provision			(381)
Specific Provision	(16)
Ending balance	69		85
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	146	88	88
Charge off			(139)
Recovery			9
General Provision	(36)		58
Specific Provision			130
Ending balance	110		146
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,123	1,305	1,305
General Provision	4		(74)
Specific Provision	103		(108)
Ending balance	1,230		1,123
Non-Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,083	2,719	2,719
Charge off	(208)		(66)
Recovery			864
General Provision	(57)		(1,368)
Specific Provision	193		(66)
Ending balance	2,011		2,083
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	461	510	510
General Provision	54		542
Specific Provision	(78)		(591)
Ending balance	437		461
Consumer Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	494	541	541
Charge off	(97)		(415)
Recovery	47		109
General Provision	(120)		(13)
Specific Provision	67		272
Ending balance	391		494
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	504	748	748
Charge off	(34)		(296)
Recovery	10		94
General Provision	(6)		(244)
Specific Provision	116		202
Ending balance	$ 590		$ 504

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Investments in Affiliated Companies - Summary Statement of Stockholders' Equity (Detail) (Majority-Owned Subsidiary, Unconsolidated [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Beginning balances	$ 10,310
Net income	85	86
Dividends:
Trust preferred securities	(82)
Common paid to HopFed Bancorp, Inc.	(3)
Ending balances	10,310
Trust Preferred Securities [Member]
Schedule of Equity Method Investments [Line Items]
Beginning balances			10,000
Dividends:
Ending balances	10,000		10,000
Common Stock [Member]
Schedule of Equity Method Investments [Line Items]
Beginning balances			310
Dividends:
Ending balances	310		310
Retained Earnings [Member]
Schedule of Equity Method Investments [Line Items]
Net income	85
Dividends:
Trust preferred securities	(82)
Common paid to HopFed Bancorp, Inc.	$ (3)

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Consolidated Condensed Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 26,150	$ 34,389
Interest-earning deposits	9,599	6,050
Cash and cash equivalents	35,749	40,439
Federal Home Loan Bank stock, at cost	4,428	4,428
Securities available for sale	259,867	303,628
Loans held for sale	2,051	1,444
Loans receivable, net of allowance for loan losses of $6,170 at March 31, 2015, and $6,289 at December 31, 2014	548,740	539,264
Accrued interest receivable	4,228	4,576
Real estate and other assets owned	2,352	1,927
Bank owned life insurance	10,055	9,984
Premises and equipment, net	23,282	22,940
Deferred tax assets	1,092	2,261
Intangible asset	17	33
Other assets	5,245	4,861
Total assets	897,106	935,785
Deposits:
Non-interest-bearing accounts	110,828	115,051
Interest-bearing accounts
Interest bearing checking accounts	189,882	186,616
Savings and money market accounts	102,284	97,726
Other time deposits	324,215	331,915
Total deposits	727,209	731,308
Advances from Federal Home Loan Bank	19,000	34,000
Repurchase agreements	45,466	57,358
Subordinated debentures	10,310	10,310
Advances from borrowers for taxes and insurance	793	513
Dividends payable	272	301
Accrued expenses and other liabilities	3,180	3,593
Total liabilities	806,230	837,383
Stockholders' equity
Preferred stock, par value $0.01 per share; authorized - 500,000 shares; no shares issued and outstanding at March 31, 2015, and December 31, 2014.	0	0
Common stock, par value $.01 per share; authorized 15,000,000 shares; 7,949,665 issued and 7,045,941 outstanding at March 31, 2015, and 7,949,665 issued and 7,171,282 outstanding at December 31, 2014	79	79
Additional paid-in-capital	58,515	58,466
Retained earnings	46,827	45,729
Treasury stock	(11,267)	(9,429)
Unallocated ESOP shares (at cost, 600,000 shares at March 31, 2015, and no shares at December 31, 2014)	(7,884)
Accumulated other comprehensive income, net of taxes	4,606	3,557
Total stockholders' equity	90,876	98,402
Total liabilities and stockholders' equity	$ 897,106	$ 935,785

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Loans - Summary of the Activity in Loans Classified as TDRs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Financing Receivable, Modifications [Line Items]
Beginning Balance	$ 3,284	$ 3,284
New TDR		10,271
Loss or Foreclosure	0	0
Transferred to Held For Sale		(6,987)
Removed from (Taken to) Non-accrual	0	0
Ending Balance	3,284	3,284
One-to-Four Family Mortgages [Member]
Financing Receivable, Modifications [Line Items]
Loss or Foreclosure		0
Removed from (Taken to) Non-accrual		0
Non-Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Beginning Balance	3,284	3,284
New TDR		10,271
Loss or Foreclosure	0	0
Transferred to Held For Sale		(6,987)
Removed from (Taken to) Non-accrual	0	0
Ending Balance	3,284	3,284
Commercial Loans [Member]
Financing Receivable, Modifications [Line Items]
Loss or Foreclosure		0
Removed from (Taken to) Non-accrual		$ 0

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Consolidated Condensed Statements of Comprehensive Income (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Unrealized gain on investment securities available for sale, tax effect	$ (632)	$ (920)
Unrealized gain on derivatives, tax effect	(32)	(25)
Reclassification adjustment for other than temporary impairment included in net income, tax effect	$ 124	$ 4

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Derivative Instruments - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Oct. 31, 2008
Debt Disclosure [Abstract]
Hedging gains or losses, fair value	$ 0	$ 0
Duration of interest rate swap agreement	7 years
Interest rate swap amount			10,000,000
Fixed rate of interest rate swap agreement to be paid	7.27%
Interest rate to be received under swap agreement	Three-month London Interbank Lending Rate (LIBOR) plus 3.10%
LIBOR	3.10%
Cost of termination of cash flow hedge	$ 294,000	$ 390,000

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Securities - Amortized Cost of Securities and their Estimated Fair Values (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
FHLB stock	$ 4,428	$ 4,428
Amortized Cost	252,595	297,848
Gross Unrealized Gains	7,759	7,762
Gross Unrealized Losses	(487)	(1,982)
Estimated Fair Value	259,867	303,628
Estimated Fair Value, Less than 12 months	24,156	38,057
Unrealized Losses, Less than 12 months	(108)	(233)
Estimated Fair Value, 12 months or longer	40,072	79,304
Unrealized Losses, 12 months or longer	(379)	(1,749)
Estimated Fair Value	64,228	117,361
Unrealized Losses	(487)	(1,982)
Restricted [Member]
Schedule of Available-for-sale Securities [Line Items]
FHLB stock	4,428	4,428
FHLB stock	4,428	4,428
U.S. Treasury Securities [Member] | Available for Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,002	3,977
Gross Unrealized Gains	10	3
Estimated Fair Value	2,012	3,980
Agency CMO [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	24,230	28,024
Gross Unrealized Gains	271	176
Gross Unrealized Losses	(43)	(205)
Estimated Fair Value	24,458	27,995
Agency CMO [Member] | Mortgage-Backed Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	5,562	9,545
Unrealized Losses, Less than 12 months	(12)	(91)
Estimated Fair Value, 12 months or longer	3,593	7,685
Unrealized Losses, 12 months or longer	(31)	(114)
Estimated Fair Value	9,155	17,230
Unrealized Losses	(43)	(205)
Tax Free Municipals Bonds [Member] | Available for Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	50,646	57,399
Gross Unrealized Gains	3,219	3,814
Gross Unrealized Losses	(118)	(166)
Estimated Fair Value	53,747	61,047
Tax Free Municipals Bonds [Member] | U.S. Agency Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, 12 months or longer	6,476	6,647
Unrealized Losses, 12 months or longer	(118)	(166)
Estimated Fair Value	6,476	6,647
Unrealized Losses	(118)	(166)
Taxable Municipals Bonds [Member] | Available for Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	10,080	11,871
Gross Unrealized Gains	265	235
Gross Unrealized Losses	(24)	(63)
Estimated Fair Value	10,321	12,043
Taxable Municipals Bonds [Member] | U.S. Agency Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, 12 months or longer	3,049	4,785
Unrealized Losses, 12 months or longer	(24)	(63)
Estimated Fair Value	3,049	4,785
Unrealized Losses	(24)	(63)
Trust Preferred Securities [Member] | Available for Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,604	1,600
Gross Unrealized Gains	195
Gross Unrealized Losses		(111)
Estimated Fair Value	1,799	1,489
Trust Preferred Securities [Member] | U.S. Agency Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, 12 months or longer		1,489
Unrealized Losses, 12 months or longer		(111)
Estimated Fair Value		1,489
Unrealized Losses		(111)
Commercial Bonds [Member] | Available for Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		2,000
Gross Unrealized Gains		7
Estimated Fair Value		2,007
GNMA [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	21,500	27,535
Gross Unrealized Gains	317	670
Gross Unrealized Losses	(61)	(122)
Estimated Fair Value	21,756	28,083
GNMA [Member] | Mortgage-Backed Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	9,464	12,568
Unrealized Losses, Less than 12 months	(49)	(108)
Estimated Fair Value, 12 months or longer	5,265	2,895
Unrealized Losses, 12 months or longer	(12)	(14)
Estimated Fair Value	14,729	15,463
Unrealized Losses	(61)	(122)
FNMA [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	33,732	50,617
Gross Unrealized Gains	796	694
Gross Unrealized Losses	(38)	(536)
Estimated Fair Value	34,490	50,775
FNMA [Member] | Mortgage-Backed Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, 12 months or longer	3,087	18,927
Unrealized Losses, 12 months or longer	(38)	(536)
Estimated Fair Value	3,087	18,927
Unrealized Losses	(38)	(536)
FHLMC [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	933	3,276
Gross Unrealized Gains	32	38
Estimated Fair Value	965	3,314
SLMA CMO [Member] | Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,743	9,895
Gross Unrealized Losses	(52)	(252)
Estimated Fair Value	5,691	9,643
SLMA CMO [Member] | Mortgage-Backed Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months		1,923
Unrealized Losses, Less than 12 months		(14)
Estimated Fair Value, 12 months or longer	5,691	7,720
Unrealized Losses, 12 months or longer	(52)	(238)
Estimated Fair Value	5,691	9,643
Unrealized Losses	(52)	(252)
Agency Debt Securities [Member] | U.S. Agency Securities [Member] | Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value, Less than 12 months	9,130	14,021
Unrealized Losses, Less than 12 months	(47)	(20)
Estimated Fair Value, 12 months or longer	12,911	29,156
Unrealized Losses, 12 months or longer	(104)	(507)
Estimated Fair Value	22,041	43,177
Unrealized Losses	(151)	(527)
U.S. Agency Securities [Member] | Available for Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		101,654
Gross Unrealized Gains		2,125
Gross Unrealized Losses		(527)
Estimated Fair Value		103,252
U.S. Agency Securities [Member] | Available for Sale Securities [Member] | U.S. Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	102,125
Gross Unrealized Gains	2,654
Gross Unrealized Losses	(151)
Estimated Fair Value	$ 104,628

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Loans (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Changes and Error Corrections [Abstract]

Troubled Debt Restructuring

On a periodic basis, the Bank may modify the terms of certain loans. In evaluating whether a restructuring constitutes a troubled debt restructuring (TDR), Financial Accounting Standards Board has issued Accounting Standards Update 310 (ASU 310), A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring. In evaluating whether a restructuring constitutes a TDR, the Bank must separately conclude that both of the following exist:

• The restructuring constitutes a concession

• The debtor is experiencing financial difficulties

ASU 310 provides the following guidance for the Bank’s evaluation of whether it has granted a concession as follows:

• If a debtor does not otherwise have access to funds at a market interest rate for debt with similar risk characteristics as the restructured debt, the restructured debt would be considered a below market rate, which may indicate that the Bank may have granted a concession. In that circumstance, the Bank should consider all aspects of the restructuring in determining whether it has granted a concession, the creditor must make a separate assessment about whether the debtor is experiencing financial difficulties to determine whether the restructuring constitutes a TDR.

• A temporary or permanent increase in the interest rate on a loan as a result of a restructuring does not eliminate the possibility of the restructuring from being considered a concession if the new interest rate on the loan is below the market interest rate for loans of similar risk characteristics.

• A restructuring that results in a delay in payment that is insignificant is not a concession. However, the Bank must consider a variety of factors in assessing whether a restructuring resulting in a delay in payment is insignificant.

Fair Value Measurement

In September 2006, the FASB issued ASC 820-10, Fair Value Measurements. This Statement defines fair value, establishes a framework for measuring fair value and expands disclosure about fair value. The statement establishes a fair value hierarchy which requires an entity to maximize the use of observable input and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value.

• Level 1 is for assets and liabilities that management has obtained quoted prices (unadjusted for transaction cost) or identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date.

• Level 2 is for assets and liabilities in which significant unobservable inputs other than Level 1 prices such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

• Level 3 is for assets and liabilities in which significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The fair values of securities available for sale are determined by a matrix pricing, which is a mathematical technique that is widely used in the industry to value debt securities without exclusively using quoted prices for the individual securities in the Company’s portfolio but rather by relying on the securities relationship to other benchmark quoted securities. Impaired loans are valued at the net present value of expected payments using the fair value of any assigned collateral. The liability associated with the Company’s derivative is obtained from a quoted value supplied by our correspondent banker. The value of real estate owned is obtained from appraisals completed on properties at the time of acquisition and annually thereafter.

Derivative Instruments and Hedging Activities

Under guidelines of Financial Accounting Standards Board (“FASB”) ASC 815, Derivative Instruments and Hedging Activities, as amended, all derivative instruments are required to be carried at fair value on the consolidated statement of financial position. ASC 815 provides special hedge accounting provisions, which permit the change in fair value of the hedge item related to the risk being hedged to be recognized in earnings in the same period and in the same income statement line as the change in the fair value of the derivative.

A derivative instrument designated in a hedge relationship to mitigate exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges under ASC 815. Derivative instruments designated in a hedge relationship to mitigate exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Cash value hedges are accounted for by recording the fair value of the derivative instrument and the fair value related to the risk being hedged of the hedged asset or liability on the consolidated statement of financial position with corresponding offsets recorded in the consolidated statement of financial position.

The adjustment to the hedged asset or liability is included in the basis of the hedged item, while the fair value of the derivative is recorded as a freestanding asset or liability. Actual cash receipts or payments and related amounts accrued during the period on derivatives included in a fair value hedge relationship are recorded as adjustments to the income or expense recorded on the hedged asset or liability.

Under both the fair value and cash flow hedge methods, derivative gains and losses not effective in hedging the change in fair value or expected cash flows of the hedged item are recognized immediately in the income statement. At the hedge’s inception and at least quarterly thereafter, a formal assessment is performed to determine whether changes in the fair values or cash flows of the derivative instrument has been highly effective in offsetting changes in the fair values or cash flows of the hedged items and whether they are expected to be highly effective in the future. If it is determined a derivative instrument has not been, or will not continue to be highly effective as a hedge, hedged accounting is discontinued. ASC 815 basis adjustments recorded on hedged assets and liabilities are amortized over the remaining life of the hedged item beginning no later than when hedge accounting ceases. There were no fair value hedging gains or losses, as a result of hedge ineffectiveness, recognized for the three month period ended March 31, 2015, or the year ended December 31, 2014.

In October of 2008, the Bank entered into an interest rate swap agreement for a term of seven years and an amount of $10.0 million. The Bank will pay a fixed rate of 7.27% for seven years and receive an amount equal to the three-month London Interbank Lending Rate (LIBOR) plus 3.10%. The interest rate swap is classified as a cash flow hedge by the Bank and will be tested quarterly for effectiveness. At March 31, 2015, and December 31, 2014, the cost of the Bank to terminate the cash flow hedge was approximately $294,000 and $390,000, respectively.

Receivables-Troubled Debt Restructurings by Creditors

In January 2014, the FASB issued ASU No. 2014-04, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. These amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of residential foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures about such activities are required by these amendments. The amendments in this ASU became effective for public companies for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of ASU 2014-04 did not have a material impact on the Company’s financial position or results of operations.

Repurchase Agreements

On June 12, 2014, the FASB issued ASU 2014-11, which makes limited amendments to the guidance in ASC 860 on accounting for certain repurchase agreements (“repos”). ASU 2014-11 requires entities to account for repurchase-to-maturity transactions as secured borrowings (rather than as sales with forward repurchase agreements), (2) eliminates accounting guidance on linked repurchase financing transactions, and (3) expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers (specifically, repos, securities lending transactions, and repurchase-to-maturity transactions) accounted for as secured borrowings. ASU 2014-11 also amends ASC 860 to clarify that repos and securities lending transactions that do not meet all of the de-recognition criteria in ASC 860-10-40-5 should be accounted for as secured borrowings. In addition, the ASU provides examples of repurchase and securities lending arrangements that illustrate whether a transferor has maintained effective control over the transferred financial assets. For public business entities, the accounting changes were effective for the first interim or annual period beginning after December 15, 2014. The adoption of ASU 2014-11 did not have a material impact on the Company’s financial position or results of operations.

Investments - Equity Method and Joint Ventures

ASU 2014-1, which amends FASB ASC Topic 323, Investments – Equity Method and Joint Ventures. The ASU impacts the Company’s accounting for investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The amendments in the update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the income statement as a component of income tax expense. The Company has chosen to continue to utilize the equity method for reporting under this topic. The Company’s adoption of ASU 2014-1 did not have a material impact on the Company’s financial position or results of operations.

Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period

ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation - Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The performance target should not be reflected in estimating the grant-date fair value of the award. However, compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. The Company adopted ASU No. 2014-12 effective January 1, 2015. Entities may apply the amendments in this ASU either: (1) prospectively to all awards granted or modified after the effective date; or (2) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. As of March 31, 2015, the Company did not have any share-based payment awards that included performance targets that could be achieved after the requisite service period. As such, the adoption of ASU No. 2014-12 did not have a material impact on the Company’s Consolidated Financial Statements.

Income Statement - Extraordinary and Unusual Items

ASU 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) – Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates from U.S. GAAP the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. ASU 2015-01 is effective for the Corporation beginning January 1, 2016, though early adoption is permitted. ASU 2015-01 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations.

Amendments to the Consolidation Analysis

ASU No. 2015-02, “Amendments to the Consolidation Analysis.” This ASU affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds.

ASU No. 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-02 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements.

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Securities - Maturities of Debt Securities Available for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized cost of debt securities available for sale, due within one year	$ 4,830	$ 4,830
Amortized cost of debt securities available for sale, due in one to five years	19,749	21,564
Amortized cost of debt securities available for sale, due in five to ten years	41,165	41,683
Amortized cost of debt securities available for sale, due after ten years	27,961	33,119
Total amortized cost debt securities available for sale with specific maturities	93,705	101,196
Amortized Cost	252,595	297,848
Estimated fair value of debt securities available for sale, due within one year	4,927	4,927
Estimated fair value of debt securities available for sale, due in one to five years	20,064	21,818
Estimated fair value of debt securities available for sale, due in five to ten years	42,393	42,613
Estimated fair value of debt securities available for sale, due after ten years	29,925	35,380
Total estimated fair value of debt securities available for sale with specific maturities	97,309	104,738
Total unrestricted securities available for sale at estimated fair value	259,867	303,628
Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total amortized cost of debt securities available for sale without specific maturities	86,138	119,347
Total estimated fair value of debt securities available for sale without specific maturities	87,360	119,810
Amortizing Agency Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Total amortized cost of debt securities available for sale without specific maturities	72,752	77,305
Total estimated fair value of debt securities available for sale without specific maturities	$ 75,198	$ 79,080

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Stock Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Company's Future Compensation Expense Related to Restricted Stock Vesting

The table below provides a detail of the Company’s future compensation expense related to restricted stock vesting at March 31, 2015:

Year Ending December 31,	Future Expense
2015	$	136,818
2016		132,780
2017		45,954
2018		3,127
Total	$	318,679

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Consolidated Condensed Statement of Stockholders Equity (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Capital Surplus [Member]	Retained Earnings [Member]	Treasury Stock Common [Member]	Accumulated Other Comprehensive Income [Member]	Additional Common Stock [Member]	Capital Surplus [Member]	Unearned Esop Shares [Member]
Beginning balance at Dec. 31, 2013	$ 95,717	$ 79		$ 58,302	$ 44,694	$ (5,929)	$ (1,429)
Beginning balance, shares at Dec. 31, 2013		7,447,903
Consolidated net income	354				354
Repurchase of treasury stock	(120)					(120)
Repurchase of treasury stock, shares		(10,386)
Compensation expense, restricted stock awards	31			31
Net change in unrealized gain on securities available for sale, net of income taxes	1,777						1,777
Net change in unrealized loss on derivatives, net of income tax benefit	49						49
Cash dividend to common stockholders	(295)				(295)
Ending balance at Mar. 31, 2014	97,513	79		58,333	44,753	(6,049)	397
Ending balance, shares at Mar. 31, 2014		7,437,517
Beginning balance at Dec. 31, 2014	98,402	(9,429)			45,729		3,557	79	58,466
Beginning balance, shares at Dec. 31, 2014		7,171,282
Consolidated net income	1,355				1,355
Treasury stock reissued		7,884								(7,884)
Treasury stock reissued,shares		600,000
Repurchase of treasury stock	(9,722)	(9,722)
Repurchase of treasury stock, shares		(725,341)
Compensation expense, restricted stock awards	49								49
Net change in unrealized gain on securities available for sale, net of income taxes	985						985
Net change in unrealized loss on derivatives, net of income tax benefit	64						64
Cash dividend to common stockholders	(257)				(257)
Ending balance at Mar. 31, 2015	$ 90,876	$ (11,267)			$ 46,827		$ 4,606	$ 79	$ 58,515	$ (7,884)
Ending balance, shares at Mar. 31, 2015		7,045,941

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Consolidated Condensed Statements of Financial Condition (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Loans receivable, allowance for loan losses	$ 6,170	$ 6,289
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	15,000,000	15,000,000
Common stock, shares issued	7,949,665	7,949,665
Common stock, shares outstanding	7,045,941	7,171,282
Treasury stock, shares	903,724	778,383
Unallocated ESOP shares	600,000	0

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Fair Value of Assets and Liabilities

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities

(8) FAIR VALUE OF ASSETS AND LIABILITIES

In September 2006, the FASB issued ASC 820-10, Fair Value Measurements. This Statement defines fair value, establishes a framework for measuring fair value and expands disclosure about fair value. The statement establishes a fair value hierarchy which requires an entity to maximize the use of observable input and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value.

• Level 1 is for assets and liabilities that management has obtained quoted prices (unadjusted for transaction cost) or identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date.

• Level 2 is for assets and liabilities in which significant unobservable inputs other than Level 1 prices such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

• Level 3 is for assets and liabilities in which significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

The fair values of securities available for sale are determined by a matrix pricing, which is a mathematical technique that is widely used in the industry to value debt securities without exclusively using quoted prices for the individual securities in the Company’s portfolio but rather by relying on the securities relationship to other benchmark quoted securities. Impaired loans are valued at the net present value of expected payments using the fair value of any assigned collateral. The liability associated with the Company’s derivative is obtained from a quoted value supplied by our correspondent banker. The value of real estate owned is obtained from appraisals completed on properties at the time of acquisition and annually thereafter.

Assets and Liabilities Measured on a Recurring Basis

The assets and liabilities measured at fair value on a recurring basis at March 31, 2015, are summarized below:

March 31, 2015	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	March 31, 2015		(Level 1)		(Level 2)		(Level 3)
Assets
Available for sale securities	$	259,867		—		258,068		1,799
Liabilities
Interest rate swap	$	294		—		294		—

The assets and liabilities measured at fair value on a recurring basis at December 31, 2014, are summarized below

December 31, 2014	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	December 31, 2014		(Level 1)		(Level 2)		(Level 3)
Assets
Available for sale securities	$	303,628		—		302,139		1,489
Liabilities
Interest rate swap	$	390		—		390		—

The assets and liabilities measured at fair value on a non-recurring basis are summarized below for March 31, 2015:

March 31, 2015	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	3/31/2015		(Level 1)		(Level 2)		(Level 3)
	(Dollars in Thousands)
Assets
Other real estate and other assets owned	$	2,352		—		—	$	2,352
Impaired loans, net of reserve of $1,790	$	30,098		—		—	$	30,098

The assets and liabilities measured at fair value on a non-recurring basis are summarized below for December 31, 2014:

December 31, 2014	Total carrying value in the consolidated balance sheet at		Quoted Prices In Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	12/31/2014		(Level 1)		(Level 2)		(Level 3)
Assets
Other real estate and other assets owned	$	1,927		—		—	$	1,927
Impaired loans, net of reserve of $1,514	$	35,853		—		—	$	35,853

The table below includes a roll-forward of the consolidated condensed statement of financial condition items for the three month periods ended March 31, 2015, and March 31, 2014, (including the change in fair value) for assets and liabilities classified by HopFed Bancorp, Inc. within level 3 of the valuation hierarchy for assets and liabilities measured at fair value on a recurring basis. When a determination is made to classify an asset or liability within level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since level 3 assets and liabilities typically include, in addition to the unobservable or level 3 components, observable components (that is components that are actively quoted and can be validated to external sources), the gains and losses in the table below include changes in fair value due in part to observable factors that are part of the valuation methodology.

	2015				2014
Three month period ended March 31,	Other Assets		Other Liabilities		Other Assets		Other Liabilities
	(Dollars in Thousands)
Fair value, January 1,	$	1,489		—		1,489		—
Change in unrealized losses included in other comprehensive income for assets and liabilities still held at March 31,		306		—		—		—
Accretion of previous discounted amounts		4
Purchases, issuances and settlements, net		—		—		—		—
Transfers in and/or out of Level 3		—		—		—		—
Fair value, March 31,	$	1,799		—		1,489		—

The estimated fair values of financial instruments were as follows at March 31, 2015:

	Carrying Amount		Estimated Fair Value		Quoted Prices In Active Markets for Identical Assets Level 1		Using Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	26,150		26,150		26,150		—		—
Interest-earning deposits		9,599		9,599		9,599		—		—
Securities available for sale		259,867		259,867		—		258,068		1,799
Federal Home Loan Bank stock		4,428		4,428		—		4,428		—
Loans held for sale		2,051		2,051		—		2,051		—
Loans receivable		548,740		546,293		—		—		546,293
Accrued interest receivable		4,228		4,228		—		4,228		—
Financial liabilities:
Deposits		727,209		710,167		—		710,167		—
Advances from borrowers for taxes and insurance		793		793		—		793		—
Advances from Federal Home Loan Bank		19,000		19,179		—		19,179		—
Repurchase agreements		45,466		45,766		—		45,766		—
Subordinated debentures		10,310		10,099		—		—		10,099
Off-balance-sheet liabilities:
Market value of interest rate swap		294		294		—		294		—

The estimated fair values of financial instruments were as follows at December 31, 2014:

	Carrying Amount		Estimated Fair Value		Quoted Prices In Active Markets for Identical Assets Level 1		Using Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	34,389		34,389		34,389		—		—
Interest-earning deposits		6,050		6,050		6,050		—		—
Securities available for sale		303,628		303,628		—		302,139		1,489
Federal Home Loan Bank stock		4,428		4,428		—		4,428		—
Loans held for sale		1,444		1,444		—		1,444		—
Loans receivable		539,264		537,493		—		—		537,493
Accrued interest receivable		4,576		4,576		—		4,576		—
Financial liabilities:
Deposits		731,308		714,750		—		714,750		—
Advances from borrowers for taxes and insurance		513		513		—		513		—
Advances from Federal Home Loan Bank		34,000		34,217		—		34,217		—
Repurchase agreements		57,358		57,688		—		57,688		—
Subordinated debentures		10,310		10,099		—		—		10,099
Off-balance-sheet liabilities:
Market value of interest rate swap		390		390		—		390		—

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Document and Entity Information	3 Months Ended
	Mar. 31, 2015	May 07, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	HFBC
Entity Registrant Name	HOPFED BANCORP INC
Entity Central Index Key	0001041550
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,046,244

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Derivative Instruments

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

(9) DERIVATIVE INSTRUMENTS

Under guidelines of Financial Accounting Standards Board (“FASB”) ASC 815, Derivative Instruments and Hedging Activities, as amended, all derivative instruments are required to be carried at fair value on the consolidated statement of financial position. ASC 815 provides special hedge accounting provisions, which permit the change in fair value of the hedge item related to the risk being hedged to be recognized in earnings in the same period and in the same income statement line as the change in the fair value of the derivative.

A derivative instrument designated in a hedge relationship to mitigate exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges under ASC 815. Derivative instruments designated in a hedge relationship to mitigate exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Cash value hedges are accounted for by recording the fair value of the derivative instrument and the fair value related to the risk being hedged of the hedged asset or liability on the consolidated statement of financial position with corresponding offsets recorded in the consolidated statement of financial position.

The adjustment to the hedged asset or liability is included in the basis of the hedged item, while the fair value of the derivative is recorded as a freestanding asset or liability. Actual cash receipts or payments and related amounts accrued during the period on derivatives included in a fair value hedge relationship are recorded as adjustments to the income or expense recorded on the hedged asset or liability.

Under both the fair value and cash flow hedge methods, derivative gains and losses not effective in hedging the change in fair value or expected cash flows of the hedged item are recognized immediately in the income statement. At the hedge’s inception and at least quarterly thereafter, a formal assessment is performed to determine whether changes in the fair values or cash flows of the derivative instrument has been highly effective in offsetting changes in the fair values or cash flows of the hedged items and whether they are expected to be highly effective in the future. If it is determined a derivative instrument has not been, or will not continue to be highly effective as a hedge, hedged accounting is discontinued. ASC 815 basis adjustments recorded on hedged assets and liabilities are amortized over the remaining life of the hedged item beginning no later than when hedge accounting ceases. There were no fair value hedging gains or losses, as a result of hedge ineffectiveness, recognized for the three month period ended March 31, 2015, or the year ended December 31, 2014.

In October of 2008, the Bank entered into an interest rate swap agreement for a term of seven years and an amount of $10.0 million. The Bank will pay a fixed rate of 7.27% for seven years and receive an amount equal to the three-month London Interbank Lending Rate (LIBOR) plus 3.10%. The interest rate swap is classified as a cash flow hedge by the Bank and will be tested quarterly for effectiveness. At March 31, 2015, and December 31, 2014, the cost of the Bank to terminate the cash flow hedge was approximately $294,000 and $390,000, respectively.

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Consolidated Condensed Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest and dividend income
Loans receivable	$ 6,290	$ 6,327
Investment in securities, taxable	2,448	1,779
Investment in securities, non-taxable	453	544
Interest-earning deposits	4	8
Total interest and dividend income	9,195	8,658
Interest expense
Deposits	1,260	1,471
Advances from Federal Home Loan Bank	69	434
Repurchase agreements	120	249
Subordinated debentures	184	184
Total interest expense	1,633	2,338
Net interest income	7,562	6,320
Provision for loan losses	215	380
Net interest income after provision for loan losses	7,347	5,940
Non-interest income
Service charges	714	778
Merchant card income	270	259
Mortgage origination revenue	177	58
Gain on sale of securities	366	13
Income from bank owned life insurance	71	95
Financial services commission	159	206
Other operating income	156	189
Total non-interest income	1,913	1,598
Non-interest expenses
Salaries and benefits	4,184	3,795
Occupancy expense	738	909
Data processing expense	692	728
Other state taxes	248	246
Intangible amortization expense	16	32
Professional services expense	329	287
Deposit insurance and examination expense	117	197
Advertising expense	306	314
Postage and communications expense	132	143
Supplies expense	146	145
Loss (gain) on sale of real estate owned	(7)	23
Real estate owned expenses	137	130
Other operating expenses	432	375
Total non-interest expense	7,470	7,324
Income before income tax expense	1,790	214
Income tax expense (benefit)	435	(140)
Net income	$ 1,355	$ 354
Net income per share
Basic	$ 0.20	$ 0.05
Fully diluted	$ 0.20	$ 0.05
Dividend per share	$ 0.04	$ 0.04
Weighted average shares outstanding - basic	6,732,456	7,416,716
Weighted average shares outstanding - diluted	6,732,456	7,416,716

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Stock Compensation

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Compensation

(3) STOCK COMPENSATION

The Company incurred compensation cost related to the HopFed Bancorp, Inc. 2004 Long Term Incentive Plan of $49,000 for the three month period ended March 31, 2015, and $31,000 for the three month period ended March 31, 2014, respectively. The Company did not issue any shares of restricted stock during the three month periods ended March 31, 2015 and March 31, 2014, respectively. The table below provides a detail of the Company’s future compensation expense related to restricted stock vesting at March 31, 2015:

Year Ending December 31,	Future Expense
2015	$	136,818
2016		132,780
2017		45,954
2018		3,127
Total	$	318,679

The compensation committee may make additional awards of restricted stock, thereby increasing the future expense related to this plan. In addition, award vesting may be accelerated due to certain events as outlined in the restricted stock award agreement. Any acceleration of vesting will change the timing of, but not the aggregate amount of, compensation expense incurred.

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Income Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Income Per Share

(2) INCOME PER SHARE

The following schedule reconciles the numerators and denominators of the basic and diluted income per share (“IPS”) computations for the three month periods ended March 31, 2015, and March 31, 2014. Diluted common shares arise from the potentially dilutive effect of the Company’s stock options and warrants outstanding. For the three month period ended March 31, 2015, the Company has excluded all unearned shares purchased by the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan (the “ESOP”) from the Company on March 2, 2015, due to the fact that, at March 31, 2015, the Company has made no legal commitment to make a principal payment on the loan, which is required to release shares.

	March 31,
	2015		2014
Basic IPS:
Net income	$	1,355,000	$	354,000
Average common shares outstanding		6,732,456		7,416,716
Net income per share	$	0.20	$	0.05
Diluted IPS:
Net income	$	1,355,000	$	354,000
Average common shares outstanding		6,732,456		7,416,716
Dilutive effect of stock options		—		—
Average diluted shares outstanding		6,732,456		7,416,716
Net income per share, diluted	$	0.20	$	0.05

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Income Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Income Per Share

The following schedule reconciles the numerators and denominators of the basic and diluted income per share (“IPS”) computations for the three month periods ended March 31, 2015, and March 31, 2014. Diluted common shares arise from the potentially dilutive effect of the Company’s stock options and warrants outstanding. For the three month period ended March 31, 2015, the Company has excluded all unearned shares purchased by the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan (the “ESOP”) from the Company on March 2, 2015, due to the fact that, at March 31, 2015, the Company has made no legal commitment to make a principal payment on the loan, which is required to release shares.

	March 31,
	2015		2014
Basic IPS:
Net income	$	1,355,000	$	354,000
Average common shares outstanding		6,732,456		7,416,716
Net income per share	$	0.20	$	0.05
Diluted IPS:
Net income	$	1,355,000	$	354,000
Average common shares outstanding		6,732,456		7,416,716
Dilutive effect of stock options		—		—
Average diluted shares outstanding		6,732,456		7,416,716
Net income per share, diluted	$	0.20	$	0.05

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Effect of New Accounting Pronouncements

3 Months Ended

Mar. 31, 2015

Accounting Changes and Error Corrections [Abstract]

Effect of New Accounting Pronouncements

(10) EFFECT OF NEW ACCOUNTING PRONOUNCEMENTS

In January 2014, the FASB issued ASU No. 2014-04, Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. These amendments are intended to clarify when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate recognized. The amendments clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either: (1) the creditor obtaining legal title to the residential real estate property upon completion of residential foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additional disclosures about such activities are required by these amendments. The amendments in this ASU became effective for public companies for annual periods and interim periods within those annual periods beginning after December 15, 2014. The adoption of ASU 2014-04 did not have a material impact on the Company’s financial position or results of operations.

On June 12, 2014, the FASB issued ASU 2014-11, which makes limited amendments to the guidance in ASC 860 on accounting for certain repurchase agreements (“repos”). ASU 2014-11 requires entities to account for repurchase-to-maturity transactions as secured borrowings (rather than as sales with forward repurchase agreements), (2) eliminates accounting guidance on linked repurchase financing transactions, and (3) expands disclosure requirements related to certain transfers of financial assets that are accounted for as sales and certain transfers (specifically, repos, securities lending transactions, and repurchase-to-maturity transactions) accounted for as secured borrowings. ASU 2014-11 also amends ASC 860 to clarify that repos and securities lending transactions that do not meet all of the de-recognition criteria in ASC 860-10-40-5 should be accounted for as secured borrowings. In addition, the ASU provides examples of repurchase and securities lending arrangements that illustrate whether a transferor has maintained effective control over the transferred financial assets. For public business entities, the accounting changes were effective for the first interim or annual period beginning after December 15, 2014. The adoption of ASU 2014-11 did not have a material impact on the Company’s financial position or results of operations.

ASU 2014-1, which amends FASB ASC Topic 323, Investments – Equity Method and Joint Ventures. The ASU impacts the Company’s accounting for investments in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for the low-income housing tax credit. The amendments in the update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognize the net investment performance in the income statement as a component of income tax expense. The Company has chosen to continue to utilize the equity method for reporting under this topic. The Company’s adoption of ASU 2014-1 did not have a material impact on the Company’s financial position or results of operations.

ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. A reporting entity should apply existing guidance in Topic 718, Compensation - Stock Compensation, as it relates to awards with performance conditions that affect vesting to account for such awards. The performance target should not be reflected in estimating the grant-date fair value of the award. However, compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. The Company adopted ASU No. 2014-12 effective January 1, 2015. Entities may apply the amendments in this ASU either: (1) prospectively to all awards granted or modified after the effective date; or (2) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. As of March 31, 2015, the Company did not have any share-based payment awards that included performance targets that could be achieved after the requisite service period. As such, the adoption of ASU No. 2014-12 did not have a material impact on the Company’s Consolidated Financial Statements.

ASU 2015-01, “Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) – Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.” ASU 2015-01 eliminates from U.S. GAAP the concept of extraordinary items, which, among other things, required an entity to segregate extraordinary items considered to be unusual and infrequent from the results of ordinary operations and show the item separately in the income statement, net of tax, after income from continuing operations. ASU 2015-01 is effective for the Corporation beginning January 1, 2016, though early adoption is permitted. ASU 2015-01 is not expected to have a significant impact on the Company’s consolidated financial position or results of operations.

ASU No. 2015-02, “Amendments to the Consolidation Analysis.” This ASU affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds.

ASU No. 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company is currently evaluating the provisions of ASU No. 2015-02 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements.

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

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Real Estate and Other Assets Owned

3 Months Ended

Mar. 31, 2015

Text Block [Abstract]

Real Estate and Other Assets Owned

(6) REAL ESTATE AND OTHER ASSETS OWNED

The Company’s real estate and other assets owned represent properties and personal collateral acquired through customer loan defaults. The property is recorded at the lower of cost or fair value less estimated cost to sell and carrying cost at the date acquired. Any difference between the book value and estimated market value is recognized as a charge off through the allowance for loan loss account. Additional real estate owned and other asset losses may be determined on individual properties at specific intervals or at the time of disposal. In general, the Company will obtain a new appraisal on all real estate owned with a book balance in excess of $250,000 on an annual basis. Additional losses are recognized as a non-interest expense.

At March 31, 2015, December 31, 2014, and March 31, 2014, the Company had balances in other real estate and assets owned and non-accrual loans consisting of the following:

	March 31, 2015			December 31, 2014			March 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	175			159			446
Land		1,768			1,768			1,034
Non-residential real estate		409			—			200
Total other assets owned	$	2,352			1,927			1,680
Total non-accrual loans	$	2,124			3,175			10,032
Total non-performing assets	$	4,476			5,102			11,712
Non-performing assets / Total assets		0.50	%		0.55	%		1.21	%

The following is a summary of the activity in the Company’s real estate and other assets owned for the three month period ending March 31, 2015:

			Activity During 2015
	Balance 12/31/2014		Foreclosures		Proceeds			Reduction in Values		Gain (Loss) on Sale		Balance 3/31/2015
	(Dollars in Thousands)
One-to-four family mortgages	$	159		55		(46	)		—		7	$	175
Land		1,768		—		—			—		—		1,768
Non-residential real estate		—		409		—			—		—		409
Total	$	1,927		464		(46	)		—		7	$	2,352

The following is a summary of the activity in the Company’s real estate and other assets owned for the year ended December 31, 2014:

	Activity During 2014
	Balance 12/31/2013		Foreclosures		Sales			Reduction in Values			Gain (Loss) on Sale			Balance 12/31/2014
	(Dollars in Thousands)
One-to-four family mortgages	$	350		461		(667	)		(5	)		20		$	159
Land		1,124		943		(123	)		(157	)		(19	)		1,768
Non-residential real estate		200		175		(328	)		—			(47	)		—
Total	$	1,674		1,579		(1,118	)		(162	)		(46	)	$	1,927

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Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Schedule Of Effective Tax Rate Reconciliation [Line Items]
Unrecognized tax benefits	$ 0
Effective tax rate	34.00%
Tennessee [Member]
Schedule Of Effective Tax Rate Reconciliation [Line Items]
Effective tax rate	6.50%

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Securities

3 Months Ended

Mar. 31, 2015

Cash and Cash Equivalents [Abstract]

Securities

(4) SECURITIES

Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluations. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value.

At March 31, 2015, the Company has 41 securities with unrealized losses. The carrying amount of securities and their estimated fair values at March 31, 2015, were as follows:

	March 31, 2015
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in Thousands)
Restricted
FHLB stock	$	4,428		—		—			4,428
Available for sale
U.S. Treasury securities	$	2,002		10		—			2,012
U.S. Agency securities		102,125		2,654		(151	)		104,628
Taxable municipal bonds		10,080		265		(24	)		10,321
Tax free municipal bonds		50,646		3,219		(118	)		53,747
Trust preferred securities		1,604		195		—			1,799
Mortgage-backed securities:
GNMA		21,500		317		(61	)		21,756
FNMA		33,732		796		(38	)		34,490
FHLMC		933		32		—			965
SLMA CMO		5,743		—		(52	)		5,691
AGENCY CMO		24,230		271		(43	)		24,458
	$	252,595		7,759		(487	)		259,867

The carrying amount of securities and their estimated fair values at December 31, 2014, was as follows:

	December 31, 2014
			Gross		Gross			Estimated
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in Thousands)
Restricted
FHLB stock	$	4,428		—		—			4,428
Available for sale
U.S. Treasury securities	$	3,977		3		—			3,980
U.S. Agency securities		101,654		2,125		(527	)		103,252
Tax free municipal bonds		57,399		3,814		(166	)		61,047
Taxable municipal bonds		11,871		235		(63	)		12,043
Trust preferred securities		1,600		—		(111	)		1,489
Commercial bonds		2,000		7		—			2,007
Mortgage-backed securities:
GNMA		27,535		670		(122	)		28,083
FNMA		50,617		694		(536	)		50,775
FHLMC		3,276		38		—			3,314
SLMA CMO		9,895		—		(252	)		9,643
AGENCY CMO		28,024		176		(205	)		27,995
	$	297,848		7,762		(1,982	)		303,628

The scheduled maturities of debt securities available for sale at March 31, 2015, were as follows:

			Estimated
	Amortized		Fair
March 31, 2015	Cost		Value
Due within one year	$	4,830	$	4,927
Due in one to five years		19,749		20,064
Due in five to ten years		41,165		42,393
Due after ten years		27,961		29,925
		93,705		97,309
Amortizing agency bonds		72,752		75,198
Mortgage-backed securities		86,138		87,360
Total unrestricted securities available for sale	$	252,595	$	259,867

The scheduled maturities of debt securities available for sale at December 31, 2014, were as follows:

			Estimated
	Amortized		Fair
December 31, 2014	Cost		Value
Due within one year	$	4,830	$	4,927
Due in one to five years		21,564		21,818
Due in five to ten years		41,683		42,613
Due after ten years		33,119		35,380
		101,196		104,738
Amortizing agency bonds		77,305		79,080
Mortgage-backed securities		119,347		119,810
Total unrestricted securities available for sale	$	297,848	$	303,628

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of March 31, 2015, are as follows:

	Less than 12 months					12 months or longer					Total
	Estimated		Unrealized			Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
	(Dollars in Thousands)
Available for sale
U.S. government and agency securities
Agency debt securities	$	9,130		(47	)		12,911		(104	)		22,041		(151	)
Taxable municipals		—		—			3,049		(24	)		3,049		(24	)
Tax free municipals		—		—			6,476		(118	)		6,476		(118	)
Mortgage-backed securities
GNMA		9,464		(49	)		5,265		(12	)		14,729		(61	)
FNMA		—		—			3,087		(38	)		3,087		(38	)
SLMA CMOs		—		—			5,691		(52	)		5,691		(52	)
AGENCY CMOs		5,562		(12	)		3,593		(31	)		9,155		(43	)
Total available for sale	$	24,156		(108	)		40,072		(379	)		64,228		(487	)

The estimated fair value and unrealized loss amounts of temporarily impaired investments as of December 31, 2014, were as follows:

	Less than 12 months					12 months or longer					Total
December 31, 2014	Estimated		Unrealized			Estimated		Unrealized			Estimated		Unrealized
	Fair Value		Losses			Fair Value		Losses			Fair Value		Losses
Available for sale
U.S. government and agency securities
Agency debt securities	$	14,021		(20	)		29,156		(507	)		43,177		(527	)
Taxable municipals		—		—			4,785		(63	)		4,785		(63	)
Tax free municipals		—		—			6,647		(166	)		6,647		(166	)
Trust preferred securities		—		—			1,489		(111	)		1,489		(111	)
Mortgage-backed securities
GNMA		12,568		(108	)		2,895		(14	)		15,463		(122	)
FNMA		—		—			18,927		(536	)		18,927		(536	)
SLMA CMOs		1,923		(14	)		7,720		(238	)		9,643		(252	)
AGENCY CMOs		9,545		(91	)		7,685		(114	)		17,230		(205	)
Total available for sale	$	38,057		(233	)		79,304		(1,749	)		117,361		(1,982	)

At March 31, 2015, securities with a book value of approximately $162.4 million and a market value of approximately $169.3 million were pledged to various municipalities for deposits in excess of FDIC limits as required by law. The Federal Home Loan Bank of Cincinnati has issued letters of credit in the Bank’s name totaling $11.0 million secured by the Bank’s loan portfolio to secure additional municipal deposits.

At March 31, 2015, securities with a book and market value of $39.5 million were sold under agreements to repurchase from various customers. Furthermore, the Company has a wholesale repurchase agreement with third party secured by investments with a combined book value of $6.5 million and a market value of $6.6 million. The repurchase agreement is in the amount of $6.0 million and has a maturity of September 18, 2016, and is currently callable on a quarterly basis and has a fixed rate of interest of 4.36%.

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Loans

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Loans

(5) LOANS

Set forth below is selected data relating to the composition of the loan portfolio by type of loan at March 31, 2015, and December 31, 2014. At March 31, 2015, and December 31, 2014, there were no concentrations of loans exceeding 10% of total loans other than as disclosed below:

	March 31, 2015			March 31, 2015			December 31, 2014			December 31, 2014
	Amount			Percent			Amount			Percent
	(Dollars in thousands, except percentages)
Real estate loans
One-to-four family (closed end) first mortgages	$	147,835			26.6	%	$	150,551			27.6	%
Second mortgages (closed end)		2,050			0.4	%		2,102			0.4	%
Home equity lines of credit		34,107			6.1	%		34,238			6.3	%
Multi-family		22,069			4.0	%		25,991			4.8	%
Construction		26,736			4.8	%		24,241			4.4	%
Land		26,214			4.7	%		26,654			4.9	%
Farmland		42,283			7.6	%		42,874			7.8	%
Non-residential real estate		159,995			28.8	%		150,596			27.6	%
Total mortgage loans		461,289			83.0	%		457,247			83.8	%
Consumer loans		14,814			2.7	%		14,438			2.6	%
Commercial loans		79,155			14.3	%		74,154			13.6	%
Total other loans		93,969			17.0	%		88,592			16.2	%
Total loans, gross		555,258			100.0	%		545,839			100.0	%
Deferred loan cost, net of income		(348	)					(286	)
Less allowance for loan losses		(6,170	)					(6,289	)
Total loans	$	548,740					$	539,264

The allowance for loan losses totaled $6.2 million at March 31, 2015, $6.3 million at December 31, 2014, and $8.9 million at March 31, 2014, respectively. The ratio of the allowance for loan losses to total loans was 1.11% at March 31, 2015, 1.15% at December 31, 2014, and 1.63% at March 31, 2014. The following table indicates the type and level of non-accrual loans at the periods indicated below:

	March 31, 2015		December 31, 2014		March 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	1,235		1,501		1,056
Home equity line of credit		—		—		49
Junior lien		—		—		1
Multi-family		—		95		—
Land		—		215		1,217
Non-residential real estate		542		1,159		6,585
Farmland		—		115		669
Consumer loans		—		—		2
Commercial loans		347		90		453
Total non-accrual loans	$	2,124		3,175		10,032

The following table provides a detail of the Company’s activity in the allowance for loan loss account by loan type for the three month period ended March 31, 2015:

								General			Specific			Ending
	Balance		Charge off			Recovery		Provision			Provision			Balance
Three month period ended March 31, 2015	12/31/2014		2015			2015		2015			2015			3/31/2015
One-to-four family mortgages	$	1,198		(64	)		10		(124	)		138			1,158
Home equity line of credit		181		—			1		(19	)		—			163
Junior liens		14		—			1		(4	)		—			11
Multi-family		85		—			—		—			(16	)		69
Construction		146		—			—		(36	)		—			110
Land		1,123		—			—		4			103			1,230
Non-residential real estate		2,083		(208	)		—		(57	)		193			2,011
Farmland		461		—			—		54			(78	)		437
Consumer loans		494		(97	)		47		(120	)		67			391
Commercial loans		504		(34	)		10		(6	)		116			590
	$	6,289		(403	)		69		(308	)		523			6,170

The following table provides a detail of the Company’s activity in the allowance for loan loss account by loan type for the year ended December 31, 2014:

								General			Specific			Ending
	Balance		Charge off			Recovery		Provision			Provision			Balance
Year ended December 31, 2014	12/31/2013		2014			2014		2014			2014			12/31/2014
One-to-four family mortgages	$	2,048		(233	)		24		(304	)		(337	)		1,198
Home equity line of credit		218		(83	)		3		(37	)		80			181
Junior liens		39		—			9		(25	)		(9	)		14
Multi-family		466		—			—		(381	)		—			85
Construction		88		(139	)		9		58			130			146
Land		1,305		—			—		(74	)		(108	)		1,123
Non-residential real estate		2,719		(66	)		864		(1,368	)		(66	)		2,083
Farmland		510		—			—		542			(591	)		461
Consumer loans		541		(415	)		109		(13	)		272			494
Commercial loans		748		(296	)		94		(244	)		202			504
	$	8,682		(1,232	)		1,112		(1,846	)		(427	)		6,289

The table below presents past due and non-accrual balances at March 31, 2015, by loan classification allocated between performing and non-performing loan. At March 31, 2015, the Company had $3.3 million in loans past due 30 – 89 days that were risk graded as substandard:

			30 - 89						Impaired Loans
	Currently		Days		Non-accrual		Special		Currently Performing
March 31, 2015	Performing		Past Due		Loans		Mention		Substandard		Doubtful		Total
	(Dollars in Thousands)
One-to-four family mortgages	$	143,690		885		1,235		—		2,025		—		147,835
Home equity line of credit		33,075		24		—		243		765		—		34,107
Junior liens		1,992		—		—		39		19		—		2,050
Multi-family		17,128		—		—		1,944		2,997		—		22,069
Construction		26,736		—		—		—		—		—		26,736
Land		15,444		2,643		—		45		8,082		—		26,214
Non-residential real estate		148,306		330		542		297		10,520		—		159,995
Farmland		41,317		242		—		692		32		—		42,283
Consumer loans		14,611		17		—		—		186		—		14,814
Commercial loans		76,709		113		347		143		1,843		—		79,155
Total		519,008		4,254		2,124		3,403		26,469		—		555,258

The table below presents past due and non-accrual balances at December 31, 2014, by loan classification allocated between performing and non-performing:

			30 - 89						Impaired Loans
	Currently		Days		Non-accrual		Special		Currently Performing
December 31 2014	Performing		Past Due		Loans		Mention		Substandard		Doubtful		Total
One-to-four family mortgages	$	145,372		757		1,501		203		2,718		—		150,551
Home equity line of credit		33,338		143		—		—		757		—		34,238
Junior liens		2,025		—		—		40		37		—		2,102
Multi-family		20,066		—		95		2,904		2,926		—		25,991
Construction		24,241		—		—		—		—		—		24,241
Land		14,674		654		215		362		10,749		—		26,654
Non-residential real estate		131,854		—		1,159		5,492		12,091		—		150,596
Farmland		40,057		64		115		516		2,122		—		42,874
Consumer loans		14,104		14		—		21		299		—		14,438
Commercial loans		71,191		55		90		325		2,493		—		74,154
Total	$	496,922		1,687		3,175		9,863		34,192		—		545,839

The following table presents the balance in the allowance for loan losses and the recorded investment in loans as of March 31, 2015, and December 31, 2014, by portfolio segment and based on the impairment method as of March 31, 2015, and December 31, 2014.

			Land
			Development /		Commercial		Residential
	Commercial		Construction		Real Estate		Real Estate		Consumer		Total
March 31, 2015:
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	140		766		703		136		45	$	1,790
Collectively evaluated for impairment		498		574		1,766		1,196		346		4,380
Total ending allowance balance	$	638		1,340		2,469		1,332		391	$	6,170
Loans:
Loans individually evaluated for impairment	$	2,190		8,082		17,386		4,044		186	$	31,888
Loans collectively evaluated for impairment		76,965		44,868		206,961		179,948		14,628		523,370
Total ending loans balance	$	79,155		52,950		224,347		183,992		14,814	$	555,258

			Land
			Development /		Commercial		Residential
	Commercial		Construction		Real Estate		Real Estate		Consumer		Total
December 31, 2014:
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	—		663		738		51		62	$	1,514
Collectively evaluated for impairment		504		606		1,891		1,342		432		4,775
Total ending allowance balance	$	504		1,269		2,629		1,393		494	$	6,289
Loans:
Loans individually evaluated for impairment	$	2,583		10,964		18,508		5,013		299	$	37,367
Loans collectively evaluated for impairment		71,571		39,931		200,953		181,878		14,139		508,472
Total ending loans balance	$	74,154		50,895		219,461		186,891		14,438	$	545,839

All loans listed as 30-89 days past due and non-accrual are not performing as agreed. Loans listed as special mentioned, substandard and doubtful are paying as agreed. However, the customer’s financial statements may indicate weaknesses in their current cash flow, the customer’s industry may be in decline due to current economic conditions, collateral values used to secure the loan may be declining, or the Company may be concerned about the customer’s future business prospects.

The Company does not originate loans it considers sub-prime and is not aware of any exposure to the additional credit concerns associated with sub-prime lending in either the Company’s loan or investment portfolios. The Company does have a significant amount of construction and land development loans. Management reports to the Company’s Board of Directors on the status of the Company’s specific construction and development loans as well as the market trends in those markets in which the Company actively participates.

The Company’s annualized net charge off ratios for three month periods ended March 31, 2015, March 31, 2014, and the year ended December 31, 2014, was 0.24%, 0.11% and 0.02%, respectively. The ratios of allowance for loan losses to non-accrual loans at March 31, 2015, March 31, 2014, and December 31, 2014, were 290.51%, 88.85%, and 198.08%, respectively.

The determination of the allowance for loan losses is based on management’s analysis, performed on a quarterly basis. Various factors are considered, including the market value of the underlying collateral, growth and composition of the loan portfolio, the relationship of the allowance for loan losses to outstanding loans, historical loss experience, delinquency trends and prevailing economic conditions. Although management believes its allowance for loan losses is adequate, there can be no assurance that additional allowances will not be required or that losses on loans will not be incurred.

The Company conducts annual reviews on all loan relationships above one million to ascertain the borrowers continued ability to service their debt as agreed. In addition to the credit relationships mentioned above, management may classify any credit relationship once it becomes aware of adverse credit trends for that customer. Typically, the annual review consists of updated financial statements for borrowers and any guarantors, a review of the borrower’s credit history with the Company and other creditors, and current income tax information.

As a result of this review, management will classify loans based on their credit risk. Additionally, the Company provides a risk grade for all loans past due more than sixty days. The Company uses the following risk definitions for risk grades:

Satisfactory loans of average strength having some deficiency or vulnerability to changing economic or industry conditions. These customers should have reasonable amount of capital and operating ratios. Secured loans may lack in margin or liquidity. Loans to individuals, perhaps supported in dollars of net worth, but with supporting assets may be difficult to liquidate.

Watch loans are acceptable credits: (1) that need continual monitoring, such as out-of territory or asset-based loans (since the Bank does not have an asset-based lending department), or (2) with a marginal risk level to business concerns and individuals that; (a) have exhibited favorable performance in the past, though currently experiencing negative trends; (b) are in an industry that is experiencing volatility or is declining, and their performance is less than industry norms; and (c) are experiencing unfavorable trends in their financial position, such as one-time net losses or declines in asset values. These marginal borrowers may have early warning signs of problems such as occasional overdrafts and minor delinquency. If considered marginal, a loan would be a “watch” until financial data demonstrated improved performance or further deterioration to a “substandard” grade usually within a 12-month period. In the table on page 22, Watch loans are included with satisfactory loans and classified as Pass.

Special Mention loans are currently protected but are potentially weak. These loans constitute an undue and unwarranted credit risk but not to the point of justifying a substandard classification. The credit risk may be relatively minor yet constitutes an unwarranted risk in light of the circumstances surrounding a specific loan. These credit weaknesses, if not checked or corrected, will weaken the loan or inadequately protect the Bank’s credit position at some future date.

A Substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. The loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. This does not imply ultimate loss of the principal, but may involve burdensome administrative expenses and the accompanying cost to carry the credit. Examples of substandard loans include those to borrowers with insufficient or negative cash flow, negative net worth coupled with inadequate guarantor support, inadequate working capital, and/or significantly past-due loans and overdrafts.

A loan classified Doubtful has all the weaknesses inherent in a substandard credit except that the weaknesses make collection or liquidation in full (on the basis of currently existing facts, conditions, and values) highly questionable and improbable. The possibility of loss is extremely high, but because of certain pending factors charge-off is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. The doubtful classification is applied to that portion of the credit in which the full collection of principal and interest is questionable.

A loan is considered to be impaired when management determines that it is possible that the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. The value of individually impaired loans is measured based on the present value of expected payments or using the fair value of the collateral less cost to sell if the loan is collateral dependent. Currently, it is management’s practice to classify all substandard or doubtful loans as impaired. At March 31, 2015, December 31, 2014, and March 31, 2014, the Company’s impaired loans totaled $31.9 million, $37.4 million and $42.6 million, respectively.

At March 31, 2015, December 31, 2014 and March 31, 2014, the Company’s specific reserve for impaired loans totaled $1.8 million, $1.5 million and $1.9 million respectively. A summary of the Company’s impaired loans, including their respective regulatory classification and their respective specific reserve at March 31, 2015, and December 31, 2014, were as follows:

March 31, 2015			Special		Impaired Loans						Specific Reserve for		Reserve for Performing
	Pass		Mention		Substandard		Doubtful		Total		Impairment		Loans
	(Dollars in Thousands)
One-to-four family mortgages	$	144,453		—		3,382		—		147,835		136		1,022
Home equity line of credit		33,099		243		765		—		34,107		—		163
Junior liens		1,992		39		19		—		2,050		—		11
Multi-family		17,128		1,944		2,997		—		22,069		—		69
Construction		26,736		—		—		—		26,736		—		110
Land		15,453		45		10,716		—		26,214		766		464
Non-residential real estate		148,306		297		11,392		—		159,995		703		1,308
Farmland		41,350		692		241		—		42,283		—		389
Consumer loans		14,628		—		186		—		14,814		45		346
Commercial loans		76,822		143		2,190		—		79,155		140		498
Total	$	519,967		3,403		31,888		—		555,258		1,790		4,380
			Special		Impaired Loans						Specific Allowance for		Allowance For Loans
	Pass		Mention		Substandard		Doubtful		Total		Impairment		Not Impaired
December 31, 2014
One-to-four family mortgages	$	146,129		203		4,219		—		150,551		51		1,147
Home equity line of credit		33,481		—		757		—		34,238		—		181
Junior lien		2,025		40		37		—		2,102		—		14
Multi-family		20,066		2,904		3,021		—		25,991		—		85
Construction		24,241		—		—		—		24,241		—		146
Land		15,328		362		10,964		—		26,654		663		460
Non-residential real estate		131,854		5,492		13,250		—		150,596		738		1,345
Farmland		40,121		516		2,237		—		42,874		—		461
Consumer loans		14,118		21		299		—		14,438		62		432
Commercial loans		71,246		325		2,583		—		74,154		—		504
Total	$	498,609		9,863		37,367		—		545,839		1,514		4,775

Impaired loans by classification type and the related valuation allowance amounts at March 31, 2015, were as follows:

	At March 31, 2015						For the three month period ended March 31, 2015
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no recorded reserve
One-to-four family mortgages	$	2,668		2,668		—		2,668		18
Home equity line of credit		765		765		—		765		9
Junior liens		19		19		—		19		—
Multi-family		2,997		2,997		—		2,997		51
Construction		—		—		—		—		—
Land		7,295		7,295		—		7,295		146
Farmland		241		241		—		241		—
Non-residential real estate		10,211		10,211		—		10,211		137
Consumer loans		7		7		—		7		—
Commercial loans		1,487		1,487		—		1,487		31
Total		25,690		25,690		—		25,690		392
Impaired loans with a specific allowance
One-to-four family mortgages		714		714		136		714		10
Home equity line of credit		—		—		—		—		—
Junior liens		—		—		—		—		—
Multi-family		—		—		—		—		—
Construction		—		—		—		—		—
Land		3,421		3,421		766		3,421		32
Farmland		—		—		—		—		—
Non-residential real estate		1,181		1,181		703		1,181		10
Consumer loans		179		179		45		179		—
Commercial loans		703		703		140		703		19
Total		6,198		6,198		1,790		6,198		71
Total impaired loans	$	31,888		31,888		1,790		31,888		463

Impaired loans by classification type and the related valuation allowance amounts at December 31, 2014, were as follows:

	At December 31, 2014						For the year ended December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no specific allowance
One-to-four family mortgages	$	3,501		3,501		—		2,972		176
Home equity line of credit		757		757		—		690		35
Junior liens		37		37		—		39		2
Multi-family		3,021		3,021		—		1,342		190
Construction		—		—		—		29		—
Land		7,740		7,740		—		8,978		339
Non-residential real estate		12,057		12,057		—		8,672		669
Farmland		2,237		2,237				3,968		125
Consumer loans		51		51		—		36		3
Commercial loans		2,583		2,583		—		2,246		154
Total		31,984		31,984		—		28,972		1,693
Impaired loans with a specific allowance
One-to-four family mortgages	$	718		718		51		1,434		44
Home equity line of credit		—		—		—		—		—
Junior liens		—		—		—		—		—
Multi-family		—		—		—		—		—
Construction		—		—		—		—		—
Land		3,224		4,737		663		3,418		160
Non-residential real estate		1,193		1,258		738		3,617		69
Farmland		—		—		—		619		—
Consumer loans		248		248		62		355		—
Commercial loans		—		—		—		100		—
Total		5,383		6,961		1,514		9,543		273
Total impaired loans	$	37,367		38,945		1,514		38,515		1,966

On a periodic basis, the Bank may modify the terms of certain loans. In evaluating whether a restructuring constitutes a troubled debt restructuring (TDR), Financial Accounting Standards Board has issued Accounting Standards Update 310 (ASU 310), A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring. In evaluating whether a restructuring constitutes a TDR, the Bank must separately conclude that both of the following exist:

• The restructuring constitutes a concession

• The debtor is experiencing financial difficulties

ASU 310 provides the following guidance for the Bank’s evaluation of whether it has granted a concession as follows:

• If a debtor does not otherwise have access to funds at a market interest rate for debt with similar risk characteristics as the restructured debt, the restructured debt would be considered a below market rate, which may indicate that the Bank may have granted a concession. In that circumstance, the Bank should consider all aspects of the restructuring in determining whether it has granted a concession, the creditor must make a separate assessment about whether the debtor is experiencing financial difficulties to determine whether the restructuring constitutes a TDR.

• A temporary or permanent increase in the interest rate on a loan as a result of a restructuring does not eliminate the possibility of the restructuring from being considered a concession if the new interest rate on the loan is below the market interest rate for loans of similar risk characteristics.

• A restructuring that results in a delay in payment that is insignificant is not a concession. However, the Bank must consider a variety of factors in assessing whether a restructuring resulting in a delay in payment is insignificant.

At December 31, 2014, and March 31, 2015, the Company had two loans classified as performing TDRs. There was no activity in loans classified as TDRs for the three month ended March 31, 2015.

	Balance at 12/31/14		New TDR		Loss or Foreclosure		Transferred to Held For Sale		Removed from (Taken to) Non-accrual		Balance at 3/31/15
	(Dollars in Thousands)
Non-residential real estate	$	3,284		—		—		—		—		3,284
Total performing TDR	$	3,284		—		—		—		—		3,284

A summary of the activity in loans classified as TDRs for the year ended December 31, 2014, is as follows

	Balance at 12/31/13		New TDR		Loss or Foreclosure		Transferred to Held For Sale			Removed from (Taken to) Non-accrual		Balance at 12/31/14
	(Dollars in Thousands)
One-to-four family mortgages	$	—		—		—		—			—		—
Non-residential real estate		—		10,271		—		(6,987	)		—		3,284
Commercial loans		—		—		—		—			—		—
Total performing TDR	$	—		10,271		—		(6,987	)		—		3,284

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Investments in Affiliated Companies

3 Months Ended

Mar. 31, 2015

Investments in and Advances to Affiliates, Schedule of Investments [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 March 31, 2015		At December 31, 2014
Assets - 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 Statements of Income

	Three Month Periods Ended March 31,
	2015		2014
Income – interest income from subordinated debentures issued by HopFed Bancorp, Inc.	$	85		86
Net income	$	85		86

Summary Statement of Stockholders’ Equity

	Trust Preferred Securities		Common Stock		Retained Earnings			Total Stockholders’ Equity
Beginning balances, December 31, 2014	$	10,000		310		—			10,310
Net income		—		—		85			85
Dividends:
Trust preferred securities		—		—		(82	)		(82	)
Common paid to HopFed Bancorp, Inc.		—		—		(3	)		(3	)
Ending balances, March 31, 2015	$	10,000		310		—			10,310

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Securities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Securities
Investments, Debt and Equity Securities [Abstract]
Number of securities with unrealized losses	41
Securities pledged to municipalities for deposits in excess of FDIC limits, book value	$ 162.4
Securities pledged to municipalities for deposits in excess of FDIC limits, market value	169.3
Letter of credit issued by FHLB	11.0
Securities with market value sold under agreements to repurchase from various customers	39.5
Wholesale repurchase agreements with combined book value	6.5
Wholesale repurchase agreements with combined market value	6.6
Investment repurchase agreement, amount	$ 6.0
Repurchase agreement, maturity date	Sep. 18, 2016
Repurchase agreement, interest rate	4.36%

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Investments in Affiliated Companies - Summary Statements of Financial Condition (Parenthetical) (Detail) (Majority-Owned Subsidiary, Unconsolidated [Member])	Mar. 31, 2015	Dec. 31, 2014
Percent of common stock of HopFed Bancorp, Inc.	100.00%
Common Stock [Member]
Percent of common stock of HopFed Bancorp, Inc.	100.00%	100.00%

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Other Assets

3 Months Ended

Mar. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

(12) OTHER ASSETS

The Company has invested in two flow-through limited liability entities that manage and invest in affordable housing projects that qualify for historic, low-income and elderly housing tax credits. At March 31, 2015, the Company’s total investment in each entity was $422,000 and $1.0 million, respectively. The Company has no future capital commitments to either entity.

The amounts recognized in net income for these investments include:

	For the three months ended March 31,
	2015		2014
Investment loss included in pre-tax income	$	55	$	51
Tax credits recognized in provision for income taxes		24		20

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Loans (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Composition of Loan Portfolio by Type of Loan

At March 31, 2015, and December 31, 2014, there were no concentrations of loans exceeding 10% of total loans other than as disclosed below:

	March 31, 2015			March 31, 2015			December 31, 2014			December 31, 2014
	Amount			Percent			Amount			Percent
	(Dollars in thousands, except percentages)
Real estate loans
One-to-four family (closed end) first mortgages	$	147,835			26.6	%	$	150,551			27.6	%
Second mortgages (closed end)		2,050			0.4	%		2,102			0.4	%
Home equity lines of credit		34,107			6.1	%		34,238			6.3	%
Multi-family		22,069			4.0	%		25,991			4.8	%
Construction		26,736			4.8	%		24,241			4.4	%
Land		26,214			4.7	%		26,654			4.9	%
Farmland		42,283			7.6	%		42,874			7.8	%
Non-residential real estate		159,995			28.8	%		150,596			27.6	%
Total mortgage loans		461,289			83.0	%		457,247			83.8	%
Consumer loans		14,814			2.7	%		14,438			2.6	%
Commercial loans		79,155			14.3	%		74,154			13.6	%
Total other loans		93,969			17.0	%		88,592			16.2	%
Total loans, gross		555,258			100.0	%		545,839			100.0	%
Deferred loan cost, net of income		(348	)					(286	)
Less allowance for loan losses		(6,170	)					(6,289	)
Total loans	$	548,740					$	539,264

Non-accrual Loans

The following table indicates the type and level of non-accrual loans at the periods indicated below:

	March 31, 2015		December 31, 2014		March 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	1,235		1,501		1,056
Home equity line of credit		—		—		49
Junior lien		—		—		1
Multi-family		—		95		—
Land		—		215		1,217
Non-residential real estate		542		1,159		6,585
Farmland		—		115		669
Consumer loans		—		—		2
Commercial loans		347		90		453
Total non-accrual loans	$	2,124		3,175		10,032

Allowance for Loan Loss Account by Loan

The following table provides a detail of the Company’s activity in the allowance for loan loss account by loan type for the three month period ended March 31, 2015:

								General			Specific			Ending
	Balance		Charge off			Recovery		Provision			Provision			Balance
Three month period ended March 31, 2015	12/31/2014		2015			2015		2015			2015			3/31/2015
One-to-four family mortgages	$	1,198		(64	)		10		(124	)		138			1,158
Home equity line of credit		181		—			1		(19	)		—			163
Junior liens		14		—			1		(4	)		—			11
Multi-family		85		—			—		—			(16	)		69
Construction		146		—			—		(36	)		—			110
Land		1,123		—			—		4			103			1,230
Non-residential real estate		2,083		(208	)		—		(57	)		193			2,011
Farmland		461		—			—		54			(78	)		437
Consumer loans		494		(97	)		47		(120	)		67			391
Commercial loans		504		(34	)		10		(6	)		116			590
	$	6,289		(403	)		69		(308	)		523			6,170

The following table provides a detail of the Company’s activity in the allowance for loan loss account by loan type for the year ended December 31, 2014:

								General			Specific			Ending
	Balance		Charge off			Recovery		Provision			Provision			Balance
Year ended December 31, 2014	12/31/2013		2014			2014		2014			2014			12/31/2014
One-to-four family mortgages	$	2,048		(233	)		24		(304	)		(337	)		1,198
Home equity line of credit		218		(83	)		3		(37	)		80			181
Junior liens		39		—			9		(25	)		(9	)		14
Multi-family		466		—			—		(381	)		—			85
Construction		88		(139	)		9		58			130			146
Land		1,305		—			—		(74	)		(108	)		1,123
Non-residential real estate		2,719		(66	)		864		(1,368	)		(66	)		2,083
Farmland		510		—			—		542			(591	)		461
Consumer loans		541		(415	)		109		(13	)		272			494
Commercial loans		748		(296	)		94		(244	)		202			504
	$	8,682		(1,232	)		1,112		(1,846	)		(427	)		6,289

Past Due and Non-accrual Balances by Loan Classification

The table below presents past due and non-accrual balances at March 31, 2015, by loan classification allocated between performing and non-performing loan. At March 31, 2015, the Company had $3.3 million in loans past due 30 – 89 days that were risk graded as substandard:

			30 - 89						Impaired Loans
	Currently		Days		Non-accrual		Special		Currently Performing
March 31, 2015	Performing		Past Due		Loans		Mention		Substandard		Doubtful		Total
	(Dollars in Thousands)
One-to-four family mortgages	$	143,690		885		1,235		—		2,025		—		147,835
Home equity line of credit		33,075		24		—		243		765		—		34,107
Junior liens		1,992		—		—		39		19		—		2,050
Multi-family		17,128		—		—		1,944		2,997		—		22,069
Construction		26,736		—		—		—		—		—		26,736
Land		15,444		2,643		—		45		8,082		—		26,214
Non-residential real estate		148,306		330		542		297		10,520		—		159,995
Farmland		41,317		242		—		692		32		—		42,283
Consumer loans		14,611		17		—		—		186		—		14,814
Commercial loans		76,709		113		347		143		1,843		—		79,155
Total		519,008		4,254		2,124		3,403		26,469		—		555,258

The table below presents past due and non-accrual balances at December 31, 2014, by loan classification allocated between performing and non-performing:

			30 - 89						Impaired Loans
	Currently		Days		Non-accrual		Special		Currently Performing
December 31 2014	Performing		Past Due		Loans		Mention		Substandard		Doubtful		Total
One-to-four family mortgages	$	145,372		757		1,501		203		2,718		—		150,551
Home equity line of credit		33,338		143		—		—		757		—		34,238
Junior liens		2,025		—		—		40		37		—		2,102
Multi-family		20,066		—		95		2,904		2,926		—		25,991
Construction		24,241		—		—		—		—		—		24,241
Land		14,674		654		215		362		10,749		—		26,654
Non-residential real estate		131,854		—		1,159		5,492		12,091		—		150,596
Farmland		40,057		64		115		516		2,122		—		42,874
Consumer loans		14,104		14		—		21		299		—		14,438
Commercial loans		71,191		55		90		325		2,493		—		74,154
Total	$	496,922		1,687		3,175		9,863		34,192		—		545,839

Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Impairment Method

The following table presents the balance in the allowance for loan losses and the recorded investment in loans as of March 31, 2015, and December 31, 2014, by portfolio segment and based on the impairment method as of March 31, 2015, and December 31, 2014.

			Land
			Development /		Commercial		Residential
	Commercial		Construction		Real Estate		Real Estate		Consumer		Total
March 31, 2015:
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	140		766		703		136		45	$	1,790
Collectively evaluated for impairment		498		574		1,766		1,196		346		4,380
Total ending allowance balance	$	638		1,340		2,469		1,332		391	$	6,170
Loans:
Loans individually evaluated for impairment	$	2,190		8,082		17,386		4,044		186	$	31,888
Loans collectively evaluated for impairment		76,965		44,868		206,961		179,948		14,628		523,370
Total ending loans balance	$	79,155		52,950		224,347		183,992		14,814	$	555,258

			Land
			Development /		Commercial		Residential
	Commercial		Construction		Real Estate		Real Estate		Consumer		Total
December 31, 2014:
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	—		663		738		51		62	$	1,514
Collectively evaluated for impairment		504		606		1,891		1,342		432		4,775
Total ending allowance balance	$	504		1,269		2,629		1,393		494	$	6,289
Loans:
Loans individually evaluated for impairment	$	2,583		10,964		18,508		5,013		299	$	37,367
Loans collectively evaluated for impairment		71,571		39,931		200,953		181,878		14,139		508,472
Total ending loans balance	$	74,154		50,895		219,461		186,891		14,438	$	545,839

Summary of Company's Impaired Loans

 A summary of the Company’s impaired loans, including their respective regulatory classification and their respective specific reserve at March 31, 2015, and December 31, 2014, were as follows:

March 31, 2015			Special		Impaired Loans						Specific Reserve for		Reserve for Performing
	Pass		Mention		Substandard		Doubtful		Total		Impairment		Loans
	(Dollars in Thousands)
One-to-four family mortgages	$	144,453		—		3,382		—		147,835		136		1,022
Home equity line of credit		33,099		243		765		—		34,107		—		163
Junior liens		1,992		39		19		—		2,050		—		11
Multi-family		17,128		1,944		2,997		—		22,069		—		69
Construction		26,736		—		—		—		26,736		—		110
Land		15,453		45		10,716		—		26,214		766		464
Non-residential real estate		148,306		297		11,392		—		159,995		703		1,308
Farmland		41,350		692		241		—		42,283		—		389
Consumer loans		14,628		—		186		—		14,814		45		346
Commercial loans		76,822		143		2,190		—		79,155		140		498
Total	$	519,967		3,403		31,888		—		555,258		1,790		4,380
			Special		Impaired Loans						Specific Allowance for		Allowance For Loans
	Pass		Mention		Substandard		Doubtful		Total		Impairment		Not Impaired
December 31, 2014
One-to-four family mortgages	$	146,129		203		4,219		—		150,551		51		1,147
Home equity line of credit		33,481		—		757		—		34,238		—		181
Junior lien		2,025		40		37		—		2,102		—		14
Multi-family		20,066		2,904		3,021		—		25,991		—		85
Construction		24,241		—		—		—		24,241		—		146
Land		15,328		362		10,964		—		26,654		663		460
Non-residential real estate		131,854		5,492		13,250		—		150,596		738		1,345
Farmland		40,121		516		2,237		—		42,874		—		461
Consumer loans		14,118		21		299		—		14,438		62		432
Commercial loans		71,246		325		2,583		—		74,154		—		504
Total	$	498,609		9,863		37,367		—		545,839		1,514		4,775

Impaired Loans by Classification Type

Impaired loans by classification type and the related valuation allowance amounts at March 31, 2015, were as follows:

	At March 31, 2015						For the three month period ended March 31, 2015
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no recorded reserve
One-to-four family mortgages	$	2,668		2,668		—		2,668		18
Home equity line of credit		765		765		—		765		9
Junior liens		19		19		—		19		—
Multi-family		2,997		2,997		—		2,997		51
Construction		—		—		—		—		—
Land		7,295		7,295		—		7,295		146
Farmland		241		241		—		241		—
Non-residential real estate		10,211		10,211		—		10,211		137
Consumer loans		7		7		—		7		—
Commercial loans		1,487		1,487		—		1,487		31
Total		25,690		25,690		—		25,690		392
Impaired loans with a specific allowance
One-to-four family mortgages		714		714		136		714		10
Home equity line of credit		—		—		—		—		—
Junior liens		—		—		—		—		—
Multi-family		—		—		—		—		—
Construction		—		—		—		—		—
Land		3,421		3,421		766		3,421		32
Farmland		—		—		—		—		—
Non-residential real estate		1,181		1,181		703		1,181		10
Consumer loans		179		179		45		179		—
Commercial loans		703		703		140		703		19
Total		6,198		6,198		1,790		6,198		71
Total impaired loans	$	31,888		31,888		1,790		31,888		463

Impaired loans by classification type and the related valuation allowance amounts at December 31, 2014, were as follows:

	At December 31, 2014						For the year ended December 31, 2014
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
Impaired loans with no specific allowance
One-to-four family mortgages	$	3,501		3,501		—		2,972		176
Home equity line of credit		757		757		—		690		35
Junior liens		37		37		—		39		2
Multi-family		3,021		3,021		—		1,342		190
Construction		—		—		—		29		—
Land		7,740		7,740		—		8,978		339
Non-residential real estate		12,057		12,057		—		8,672		669
Farmland		2,237		2,237				3,968		125
Consumer loans		51		51		—		36		3
Commercial loans		2,583		2,583		—		2,246		154
Total		31,984		31,984		—		28,972		1,693
Impaired loans with a specific allowance
One-to-four family mortgages	$	718		718		51		1,434		44
Home equity line of credit		—		—		—		—		—
Junior liens		—		—		—		—		—
Multi-family		—		—		—		—		—
Construction		—		—		—		—		—
Land		3,224		4,737		663		3,418		160
Non-residential real estate		1,193		1,258		738		3,617		69
Farmland		—		—		—		619		—
Consumer loans		248		248		62		355		—
Commercial loans		—		—		—		100		—
Total		5,383		6,961		1,514		9,543		273
Total impaired loans	$	37,367		38,945		1,514		38,515		1,966

Summary of the Activity in Loans Classified as TDRs

At December 31, 2014, and March 31, 2015, the Company had two loans classified as performing TDRs. There was no activity in loans classified as TDRs for the three month ended March 31, 2015.

	Balance at 12/31/14		New TDR		Loss or Foreclosure		Transferred to Held For Sale		Removed from (Taken to) Non-accrual		Balance at 3/31/15
	(Dollars in Thousands)
Non-residential real estate	$	3,284		—		—		—		—		3,284
Total performing TDR	$	3,284		—		—		—		—		3,284

A summary of the activity in loans classified as TDRs for the year ended December 31, 2014, is as follows

	Balance at 12/31/13		New TDR		Loss or Foreclosure		Transferred to Held For Sale			Removed from (Taken to) Non-accrual		Balance at 12/31/14
	(Dollars in Thousands)
One-to-four family mortgages	$	—		—		—		—			—		—
Non-residential real estate		—		10,271		—		(6,987	)		—		3,284
Commercial loans		—		—		—		—			—		—
Total performing TDR	$	—		10,271		—		(6,987	)		—		3,284

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Investments in Affiliated Companies - Additional Information (Detail) (Majority-Owned Subsidiary, Unconsolidated [Member])	Mar. 31, 2015
Majority-Owned Subsidiary, Unconsolidated [Member]
Schedule of Investments [Line Items]
Percent of common stock of HopFed Bancorp, Inc.	100.00%

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Loans - Past Due and Non-Accrual Balances by Loan Classification (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	$ 519,008	$ 496,922
30-89 Days Past Due	4,254	1,687
Non-accrual Loans	2,124	3,175	10,032
Special Mention	3,403	9,863
Impaired Loans Currently Performing Substandard	26,469	34,192
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	555,258	545,839
One-to-Four Family Mortgages [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	143,690	145,372
30-89 Days Past Due	885	757
Non-accrual Loans	1,235	1,501	1,056
Special Mention		203
Impaired Loans Currently Performing Substandard	2,025	2,718
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	147,835	150,551
Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	33,075	33,338
30-89 Days Past Due	24	143
Non-accrual Loans			49
Special Mention	243
Impaired Loans Currently Performing Substandard	765	757
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	34,107	34,238
Junior Liens [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	1,992	2,025
Non-accrual Loans			1
Special Mention	39	40
Impaired Loans Currently Performing Substandard	19	37
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	2,050	2,102
Multi-Family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	17,128	20,066
Non-accrual Loans		95
Special Mention	1,944	2,904
Impaired Loans Currently Performing Substandard	2,997	2,926
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	22,069	25,991
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	26,736	24,241
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	26,736	24,241
Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	15,444	14,674
30-89 Days Past Due	2,643	654
Non-accrual Loans		215	1,217
Special Mention	45	362
Impaired Loans Currently Performing Substandard	8,082	10,749
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	26,214	26,654
Non-Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	148,306	131,854
30-89 Days Past Due	330
Non-accrual Loans	542	1,159	6,585
Special Mention	297	5,492
Impaired Loans Currently Performing Substandard	10,520	12,091
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	159,995	150,596
Farmland [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	41,317	40,057
30-89 Days Past Due	242	64
Non-accrual Loans		115	669
Special Mention	692	516
Impaired Loans Currently Performing Substandard	32	2,122
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	42,283	42,874
Consumer Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	14,611	14,104
30-89 Days Past Due	17	14
Non-accrual Loans			2
Special Mention		21
Impaired Loans Currently Performing Substandard	186	299
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	14,814	14,438
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Currently Performing	76,709	71,191
30-89 Days Past Due	113	55
Non-accrual Loans	347	90	453
Special Mention	143	325
Impaired Loans Currently Performing Substandard	1,843	2,493
Impaired Loans Currently Performing Doubtful	0	0
Total loans, gross	$ 79,155	$ 74,154

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Consolidated Condensed Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 1,355	$ 354
Other comprehensive income (loss), net of tax:
Unrealized gain on investment securities available for sale, net of tax effect of ($632) and ($920) for the three months ended March 31, 2015, and March 31, 2014, respectively;	1,227	1,786
Unrealized gain on derivatives, net of tax effect of ($32) and ($25) for the three month periods ending March 31, 2015, and March 31, 2014, respectively;	64	49
Reclassification adjustment for gains included in net income, net of tax effect of $124 and $4 for the three month periods ended March 31, 2015, and March 31, 2014, respectively;	(242)	(9)
Comprehensive income	$ 2,404	$ 2,180

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Basis of Presentation

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation

(1) BASIS OF PRESENTATION

HopFed Bancorp, Inc. (the “Company”) was formed at the direction of Heritage Bank USA Inc., formerly Hopkinsville Federal Savings Bank (the “Bank”), to become the holding company of the Bank upon the conversion of the Bank from a federally chartered mutual savings bank to a federally chartered stock savings bank. The conversion was consummated on February 6, 1998. The Company’s primary assets are the outstanding capital stock of the converted Bank, and its sole business is that of the converted Bank.

On June 5, 2013, the Bank’s legal name became Heritage Bank USA Inc. and the Bank was granted a commercial bank charter by the Kentucky Department of Financial Institutions (“KDFI”). On June 5, 2013, the Bank became subject to regulation by the KDFI and the Federal Deposit Insurance Corporation (“FDIC”). On the same day, HopFed Bancorp was granted a bank holding company charter by the Federal Reserve Bank of Saint Louis (“FED”) and as such regulated by the FED.

The Bank operates a mortgage division, Heritage Mortgage Services, in Clarksville, Tennessee with agents located in several of its markets. The Bank has a financial services division, Heritage Solutions, with offices in Murray, Kentucky, Kingston Springs, Tennessee, and Pleasant View, Tennessee. Heritage Solutions agents travel throughout western Kentucky and middle Tennessee offering fixed and variable annuities, mutual funds and brokerage services. In October of 2014, the Bank opened a loan production office in Nashville, Tennessee.

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted (“GAAP”) in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of only normal recurring accruals) necessary for fair representation have been included. The results of operations and other data for the three month period ended March 31, 2015, are not necessarily indicative of results that may be expected for the entire fiscal year ending December 31, 2015.

The accompanying unaudited financial statements should be read in conjunction with the Consolidated Financial Statements and the Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The accounting policies followed by the Company are set forth in the Summary of Significant Accounting Policies in the Company’s December 31, 2014, Consolidated Financial Statements.

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Fair Value of Assets and Liabilities - Estimated Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Financial Assets:
Securities available for sale	$ 259,867	$ 303,628
Financial liabilities:
Repurchase agreements	39,500
Amortized Cost [Member]
Financial Assets:
Cash and due from banks	26,150	34,389
Interest-earning deposits	9,599	6,050
Securities available for sale	259,867	303,628
Federal Home Loan Bank stock	4,428	4,428
Loans held for sale	2,051	1,444
Loans receivable	548,740	539,264
Accrued interest receivable	4,228	4,576
Financial liabilities:
Deposits	727,209	731,308
Advances from borrowers for taxes and insurance	793	513
Advances from Federal Home Loan Bank	19,000	34,000
Repurchase agreements	45,466	57,358
Subordinated debentures	10,310	10,310
Off-balance-sheet liabilities:
Market value of interest rate swap	294	390
Estimated Fair Value [Member]
Financial Assets:
Cash and due from banks	26,150	34,389
Interest-earning deposits	9,599	6,050
Securities available for sale	259,867	303,628
Federal Home Loan Bank stock	4,428	4,428
Loans held for sale	2,051	1,444
Loans receivable	546,293	537,493
Accrued interest receivable	4,228	4,576
Financial liabilities:
Deposits	710,167	714,750
Advances from borrowers for taxes and insurance	793	513
Advances from Federal Home Loan Bank	19,179	34,217
Repurchase agreements	45,766	57,688
Subordinated debentures	10,099	10,099
Off-balance-sheet liabilities:
Market value of interest rate swap	294	390
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial Assets:
Cash and due from banks	26,150	34,389
Interest-earning deposits	9,599	6,050
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Securities available for sale	258,068	302,139
Federal Home Loan Bank stock	4,428	4,428
Loans held for sale	2,051	1,444
Accrued interest receivable	4,228	4,576
Financial liabilities:
Deposits	710,167	714,750
Advances from borrowers for taxes and insurance	793	513
Advances from Federal Home Loan Bank	19,179	34,217
Repurchase agreements	45,766	57,688
Off-balance-sheet liabilities:
Market value of interest rate swap	294	390
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Securities available for sale	1,799	1,489
Loans receivable	546,293	537,493
Financial liabilities:
Subordinated debentures	$ 10,099	$ 10,099

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Real Estate and Other Assets Owned (Tables)

3 Months Ended

Mar. 31, 2015

Text Block [Abstract]

Presentation of Balances in Other Real Estate and Other Assets Owned and Non-Accrual Loans Consisting Other Non-Performing Loan

At March 31, 2015, December 31, 2014, and March 31, 2014, the Company had balances in other real estate and assets owned and non-accrual loans consisting of the following:

	March 31, 2015			December 31, 2014			March 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	175			159			446
Land		1,768			1,768			1,034
Non-residential real estate		409			—			200
Total other assets owned	$	2,352			1,927			1,680
Total non-accrual loans	$	2,124			3,175			10,032
Total non-performing assets	$	4,476			5,102			11,712
Non-performing assets / Total assets		0.50	%		0.55	%		1.21	%

Summary of Activity in Company's Real Estate and Other Assets Owned

The following is a summary of the activity in the Company’s real estate and other assets owned for the three month period ending March 31, 2015:

			Activity During 2015
	Balance 12/31/2014		Foreclosures		Proceeds			Reduction in Values		Gain (Loss) on Sale		Balance 3/31/2015
	(Dollars in Thousands)
One-to-four family mortgages	$	159		55		(46	)		—		7	$	175
Land		1,768		—		—			—		—		1,768
Non-residential real estate		—		409		—			—		—		409
Total	$	1,927		464		(46	)		—		7	$	2,352

The following is a summary of the activity in the Company’s real estate and other assets owned for the year ended December 31, 2014:

	Activity During 2014
	Balance 12/31/2013		Foreclosures		Sales			Reduction in Values			Gain (Loss) on Sale			Balance 12/31/2014
	(Dollars in Thousands)
One-to-four family mortgages	$	350		461		(667	)		(5	)		20		$	159
Land		1,124		943		(123	)		(157	)		(19	)		1,768
Non-residential real estate		200		175		(328	)		—			(47	)		—
Total	$	1,674		1,579		(1,118	)		(162	)		(46	)	$	1,927

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Loans - Additional Information (Detail) (USD $)	0 Months Ended		3 Months Ended		12 Months Ended
	Mar. 31, 2015 Loans	Dec. 31, 2014 Loans	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	$ 6,170,000	$ 6,289,000	$ 6,170,000	$ 8,900,000	$ 6,289,000
Ratio of the allowance for loan losses to total loans			1.11%	1.63%	1.15%
Loans past due 30 - 89 days	4,254,000	1,687,000	4,254,000		1,687,000
Company's annualized net charge off ratios			0.24%	0.11%	0.02%
Ratios of allowance for loan losses to non-accrual loans	290.51%	198.08%	290.51%	88.85%	198.08%
Annual reviews of loan to ascertain the borrowers continued ability to service			1,000,000
Loans past due period for classify to risk grade			60 days
Loans past due period for classify to substandard grade			12 months
Total impaired loans Recorded Investment	31,888,000	37,367,000	31,888,000	42,600,000	37,367,000
Related Allowance	1,790,000	1,514,000	1,790,000	1,900,000	1,514,000
Performing loans	2	2
Impaired Loans Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due 30 - 89 days	$ 3,300,000		$ 3,300,000

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Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

(11) INCOME TAXES

The Company and its subsidiaries file consolidated federal income tax returns and Tennessee excise tax returns. The Company and its non-bank subsidiaries filed consolidated Kentucky income tax returns. The Bank is exempt from Kentucky corporate income tax. The Company has no unrecognized tax benefits and has accrued any interest or penalties for uncertain tax positions. The effective tax rate differs from the statutory federal rate of 34% and Tennessee excise rate of 6.50% due to investments in qualified municipal securities; bank owned life insurance, income apportioned to Kentucky and certain non-deductible expenses.