Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Reconciliation of Basic and Diluted Income (Loss) Per Share

The following schedule reconciles the numerators and denominators of the basic and diluted income (loss) per share (“IPS”) computations for the three and six month periods ended June 30, 2015, and June 30, 2014. For the three and six month periods ended June 30, 2015, the Company’s financial statements reflect a liability adequate to release of 29,170 shares from the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan (the “ESOP”). Therefore, the Company has included 29,170 shares held by the ESOP in the IPS calculation. The Company has excluded 570,830 unearned shares purchased and owned by the ESOP from our IPS computations. Diluted common shares arise from the potentially dilutive effect of the Company’s stock options and warrants outstanding.


	Three Month Period Ended June 30,
	2015			2014

Basic IPS:
Net income (loss)	($	117,000	)	$	925,000
Average common shares outstanding		6,425,687			7,376,726

Net income (loss) per share	($	0.02	)	$	0.13


Diluted IPS
Net income (loss)	($	117,000	)	$	925,000
Average common shares outstanding		6,425,687			7,376,726
Dilutive effect of stock options		—			—

Average diluted shares outstanding		6,425,687			7,376,726

Net income (loss) per share, diluted	($	0.02	)	$	0.13


	Six Month Period Ended June 30,
	2015			2014

Basic IPS:
Net income	$	1,238,000		$	1,279,000
Average common shares outstanding		6,588,845			7,396,627

Net income per share	$	0.19		$	0.17


Diluted IPS
Net income	$	1,238,000		$	1,279,000
Average common shares outstanding		6,588,845			7,396,627
Dilutive effect of stock options		—			—

Average diluted shares outstanding		6,588,845			7,396,627

Net income per share, diluted	$	0.19		$	0.17