Exhibit 99.1

NEWS

CONTACT:	John E. Peck
	President and CEO
	(270) 885-1171

HOPFED BANCORP, INC. REPORTS THIRD QUARTER RESULTS

HOPKINSVILLE, Ky. (October 30, 2015) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”), the holding company for Heritage Bank USA, Inc. (the “Bank”), today reported results for the three and nine month periods ended September 30, 2015. For the three month period ended September 30, 2015, the Company reported net income of $510,000, or $0.08 per share, basic and diluted, compared to net income of $2.0 million, or $0.27 per share basic and diluted, for the three month period ended September 30, 2014. For the nine month period ended September 30, 2015, the Company’s net income was $1.7 million, or $0.27 per share, basic and diluted, compared to net income of $3.2 million, or $0.44 per share basic and diluted, for the nine month period ended September 30, 2014. Results for the three and nine month periods ended September 30, 2014, were strongly influenced by the resolution of a long standing non-accrual loan relationship.

Commenting on the third quarter results, John E. Peck, President and Chief Executive Officer, said, “The Company continues to find success in our Nashville loan production office. We have just hired our third commercial loan officer in that market and currently have an impressive pipeline of loan opportunities. At September 30, 2015, the Nashville loan production office currently has $13.0 million in outstanding loan balances, $7.7 million in unadvanced amounts on loans and $16.9 million in loan request currently under review.

The Company remains focused on the opportunities of reducing our interest expenses. Beginning in December 2015 and ending in February 2016, the Company has time deposits totaling $65.2 million maturing with a weighted average cost of 2.52%. In March 2016, we have a $4.0 million in Federal Home Loan Bank borrowing maturing at an interest rate of 5.34%. We have an opportunity to reprice these liabilities at current market cost.” Mr. Peck concluded.

Financial Highlights

• At September 30, 2015, the Company’s tangible book value was $13.99 per share and tangible common equity ratio was 10.06%. The Company’s tangible book value and common equity ratio computations do not include 562,937 unallocated shares of common stock held by the Company’s ESOP.

• The Company purchased 65,495 shares of its common stock in the three month period ended September 30, 2015, at a weighted average price of $11.55 per share. At September 30, 2015, the Company owns 1,038,686 shares of treasury stock at a weighted average cost of $12.43 per share.

• At September 30, 2015, net loans totaled $561.5 million, a $22.3 million increase, as compared to December 31, 2014, and a $6.7 million increase as compared to June 30, 2015. The Company’s current annualized growth rate of loans is 5.5%.

• The Company’s estimated Tier 1 Leverage Ratio and Total Risk Based Capital Ratio at September 30, 2015, were 10.92% and 17.20%, respectively. The Bank’s Tier 1 Leverage Ratio and Total Risk Based Capital Ratio at September 30, 2015, were 10.67% and 16.84%, respectively.

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HFBC Reports Third Quarter Results

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October 30, 2015

Asset Quality

At September 30, 2015, the Company’s level of non-accrual loans totaled $7.2 million, as compared to $3.2 million at December 31, 2014. At September 30, 2015, the Company has one land loan, totaling $1.5 million, that is past due 91 days and still accruing interest. The loan is well secured and in the process of collection. A summary of non-accrual loans at September 30, 2015, and December 31, 2014, is as follows:

	September 30, 2015		December 31, 2014
	(Dollars in Thousands)
One-to-four family mortgages	$	1,427	$	1,501
Home equity line of credit		48		—
Multi-family		1,968		95
Land		1,680		215
Non-residential real estate		672		1,159
Farmland		168		115
Commercial loans		1,195		90
Total non-accrual loans	$	7,158	$	3,175

The Company has current appraisals on file for all significant non-accrual relationships. For the three month period ended September 30, 2015, a review of the most recent appraisal of our non-accrual land loan resulted in the Company taking an additional charge off of approximately $281,000. At September 30, 2015, non-accrual loans, loans past due over 90 days still accruing and other real estate owned totaled $10.4 million, or 1.18% of total assets. At December 31, 2014, non-accrual loans plus other real estate owned totaled $5.1 million, or 0.55% of total assets.

At September 30, 2015, and December 31, 2014, the Company’s balance in other real estate owned was $1.7 million and $1.9 million, respectively. A summary of the activity in other real estate owned for the nine month period ended September 30, 2015, is as follows:

	Balance 12/31/2014							Reduction in Values		Gain (Loss) on Sale			Balance 9/30/2015
			Foreclosures		Proceeds
	(Dollars in Thousands)
One-to-four family mortgages	$	159		105		(194	)		—		(15	)	$	55
Land		1,768		—		(124	)		—		(701	)		943
Non-residential real estate		—		738		—			—		—			738
Total	$	1,927		843		(318	)		—		(716	)	$	1,736

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HFBC Reports Third Quarter Results

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October 30, 2015

Asset Quality (continued)

A summary of the activity in loans classified as TDRs for the nine month period ended September 30, 2015, is as follows:

	Balance at		New		Loss or		Loan			Removed from (Taken to)		Balance
	12/31/14		TDR		Foreclosure		Amortization			Non-accrual		09/30/15
	(Dollars in Thousands)
Non-residential real estate	$	3,284		2,149		—		(1	)		—	$	5,432
Total performing TDR	$	3,284		2,149		—		(1	)		—	$	5,432

At September 30, 2015, the Company’s level of loans classified as substandard was $23.5 million as compared to $37.4 million at December 31, 2014. At September 30, 2015, the Company’s classified loan to risk-based capital ratio was 23.4%. The Company’s specific reserve for impaired loans was $545,000 at September 30, 2015, and $1.5 million at December 31, 2014. A summary of the Company’s loan portfolio by risk grade classification, at September 30, 2015, is as follows:

September 30, 2015	Pass		Special Mention		Impaired Loans				Total		Specific Allowance for Impairment		Allowance for Performing Loans
					Substandard		Doubtful
	(Dollars in Thousands)
One-to-four family mortgages	$	143,121		330		2,919		—		146,370		29		931
Home equity line of credit		32,703		—		273		—		32,976		—		181
Junior liens		1,746		36		16		—		1,798		—		8
Multi-family		20,272		—		3,094		—		23,366		—		74
Construction		32,669		—		—		—		32,669		—		197
Land		11,604		1,529		9,521		—		22,654		266		1,417
Non-residential real estate		147,938		4,158		5,018		—		157,114		143		1,058
Farmland		40,309		—		330		—		40,639		—		337
Consumer loans		18,171		—		204		—		18,375		51		300
Commercial loans		89,085		357		2,108		—		91,550		56		439
Total	$	537,618		6,410		23,483		—		567,511		545		4,942

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HFBC Reports Third Quarter Results

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October 30, 2015

Net Interest Income

For the three month period ended September 30, 2015, the Company’s net interest income was $6.4 million, compared to $6.3 million for the three month period ended June 30, 2015, and $6.8 million for the three month period ended September 30, 2014. For the three month period ended September 30, 2015, the Company’s net interest margin was 3.25%, as compared to 3.17% for the three month period ended June 30, 2015, and 3.22% for the three month period ended September 30, 2014.

For the nine month period ended September 30, 2015, the Company’s net interest income was $20.2 million, as compared to $19.5 million for the nine month period ended September 30, 2014. For the nine month period ended September 30, 2015, the Company’s interest expense was $4.9 million as compared to $6.9 million for the nine month period ended September 30, 2014. The Company’s reduced interest expense was largely the result of lower Federal Home Loan Bank borrowing balances and a reduced dependency on non-core funding. For the nine month period ended September 30, 2015, the Company’s net interest margin was 3.40%, as compared to 3.12% for the nine month period ended September 30, 2014.

Non-interest Income

Non-interest income for the three month periods ended September 30, 2015, and June 30, 2015 was $1.9 million, respectively, as compared to $2.4 million for the three month period ended September 30, 2014. On a linked quarter basis, total non-interest income increased by $68,000 largely due to a $30,000 increase in service charge income, a $35,000 increase from bank owned life insurance and a $20,000 increase in gains on the sale of securities. During the three and nine month periods ended September 30, 2015, mortgage origination revenue was $345,000 and $865,000, respectively, as compared to $316,000 and $507,000 for the three and nine month period ended September 30, 2014.

For the three month period ended September 30, 2015, total non-interest income was $457,000 lower as compared to the three month period ended September 30, 2014. For the three month period ended September 30, 2015, service charge income was $750,000, representing a $129,000 decline as compared to the three month period ended September 30, 2014. For the three month period ended September 30, 2015, gains on the sale of securities was $103,000, as compared to $294,000 for the three month period ended September 30, 2014. For the three month period ended September 30, 2015, income from financial services was $186,000, as compared to $363,000 for the three month period ended September 30, 2014.

For the nine month period ended September 30, 2015, non-interest income was $5.7 million, as compared to $5.9 million for the nine month period ended September 30, 2014. For the nine month period ended September 30, 2015, service charge income was $2.2 million, a $321,000 decline as compared to the nine month period ended September 30, 2014. For the nine month period ended September 30, 2015, financial services commissions was $539,000, as compared to $737,000 for the nine month period ended September 30, 2014.

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HFBC Reports Third Quarter Results

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October 30, 2015

Non-interest Expense

On a linked quarter basis, the Company’s non-interest expenses declined by $681,000. The most significant decline in linked quarter operating expenses was a $759,000 decline in losses on the sale of real estate owned. For the three month period ended September 30, 2015, the Company’s salaries and benefits expenses declined by $44,000 and professional services expenses declined by $88,000 as compared to the three month period ended June 30, 2015.

For the three month period ended September 30, 2015, non-interest expenses declined by $10,000 as compared to the three month period ended September 30, 2014. For the three month period ended September 30, 2015, expense items increasing by more than 5% as compared to the three month period ended September 30, 2014, include:

	Three Month Period Ended					Dollar		Percentage
	09/30/15		09/30/14			Change		Change
Postage and communications	$	162	$	140		$	22		15.71	%
Real estate owned expense	$	202	($	29	)	$	231		796.55	%

For the nine month period ended September 30, 2015, non-interest expenses were $23.3 million, an increase of $923,000 as compared to the nine month period ended September 30, 2014. For the nine month period ended September 30, 2015, the increase in non-interest expenses as compared to the nine month period ended September 30, 2014, is largely the result of an increase in compensation related to an increase in staffing for the Company’s loan production office, increases in the Company’s health insurance cost and losses on the sale of other real estate owned. For the nine month period ended September 30, 2015, expense items increasing by more than 5% as compared to the nine month period ended September 30, 2014, include:

	Nine Month Period Ended				Dollar		Percentage
	09/30/15		09/30/14		Change		Change
Salaries and benefits	$	12,148	$	11,368	$	780		6.86	%
Professional services	$	1,177	$	1,025	$	152		14.83	%
Loss on sale of other real estate owned	$	716	$	160	$	556		347.50	%
Real estate owned expenses	$	406	$	193	$	213		110.36	%
Other expenses	$	1,446	$	1,358	$	88		6.48	%

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HFBC Reports Third Quarter Results

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October 30, 2015

Balance Sheet

At September 30, 2015, consolidated assets were $882.7 million, a decline of $53.0 million as compared to December 31, 2014. For the nine month period ended September 30, 2015, the Company experienced an $18.4 million decrease in time deposits, a $9.0 million decrease in FHLB borrowings, a $16.7 million decrease in cash balances and a $22.3 million increase in net loan balances. To fund the growth in loan balances and reduction in FHLB borrowings and time deposits, the Company has reduced its balance in available for sale securities by $63.7 million as compared to December 31, 2014.

The Company

Prior to June 5, 2013, HopFed Bancorp, Inc. was a federally chartered savings and loan holding company with Heritage Bank as its wholly owned thrift subsidiary. On June 5, 2013, Heritage Bank’s legal name was changed to Heritage Bank USA, Inc., and its charter was converted to a Kentucky state chartered commercial bank with the Kentucky Department of Financial Institutions and the Federal Deposit Insurance Corporation as its regulators. Also on June 5, 2013, HopFed Bancorp, Inc. became a non-member federally chartered commercial bank holding company regulated by the Federal Reserve Board. HopFed Bancorp, Inc. is the holding company for Heritage Bank USA, Inc. headquartered in Hopkinsville, Kentucky. The Bank has eighteen offices in western Kentucky and middle Tennessee and a loan production office in Nashville, Tennessee. The Company has two additional operating divisions including Heritage Wealth Management of Murray, Kentucky, Hopkinsville, Kentucky, and Pleasant View, Tennessee, which offers a broad line of financial services. Heritage Mortgage Services of Clarksville, Tennessee, offers long term fixed rate 1- 4 family mortgages loans that are originated for the secondary market in all communities in the Company’s general market area. The Bank offers a broad line of banking and financial products and services with the personalized focus of a community banking organization. More information about HopFed Bancorp and Heritage Bank USA, Inc. may be found on its website www.bankwithheritage.com.

Forward-Looking Information

Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risk, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the Company’s operating results, performance or financial condition are competition and the demand for the Company’s products and services, and other factors as set forth in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Certain tabular presentations may not reconcile because of rounding.

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HFBC Reports Third Quarter Results

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October 30, 2015

HOPFED BANCORP, INC.

Consolidated Condensed Balance Sheets

(Dollars in thousands)

	September 30, 2015		December 31, 2014
	(unaudited)
Assets
Cash and due from banks	$	18,110		34,389
Interest-earning deposits		5,647		6,050
Cash and cash equivalents		23,757		40,439
Federal Home Loan Bank stock, at cost		4,428		4,428
Securities available for sale		239,922		303,628
Loans held for sale		5,298		1,444
Loans receivable, net of allowance for loan losses of $5,487 at September 30, 2015, and $6,289 at December 31, 2014		561,514		539,264
Accrued interest receivable		4,119		4,576
Real estate and other assets owned		1,736		1,927
Bank owned life insurance		10,236		9,984
Premises and equipment, net		24,371		22,940
Deferred tax assets		1,198		2,261
Intangible asset		—		33
Other assets		6,157		4,861
Total assets	$	882,736		935,785
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest-bearing accounts	$	113,469		115,051
Interest-bearing accounts
Interest-bearing checking accounts		185,377		186,616
Savings and money market accounts		93,821		97,726
Other time deposits		313,531		331,915
Total deposits		706,198		731,308
Advances from Federal Home Loan Bank		25,000		34,000
Repurchase agreements		46,300		57,358
Subordinated debentures		10,310		10,310
Advances from borrowers for taxes and insurance		1,077		513
Dividends payable		289		301
Accrued expenses and other liabilities		4,739		3,593
Total liabilities		793,913		837,383

This information is preliminary and based on Company data available at the time of the presentation.

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HFBC Reports Third Quarter Results

Page 8

October 30, 2015

HOPFED BANCORP, INC.

Consolidated Condensed Balance Sheets, Continued

(Dollars in thousands)

	September 30, 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 September 30, 2015, and December 31, 2014		—			—
Common stock, par value $.01 per share; authorized 15,000,000 shares; 7,951,699 issued and 6,913,013 outstanding at September 30, 2015, and 7,949,665 issued and 7,171,282 outstanding at December 31, 2014		79			79
Additional paid-in-capital		58,578			58,466
Retained earnings		46,719			45,729
Treasury stock- common (at cost, 1,038,686 shares at September 30, 2015, and 778,383 shares at December 31, 2014)		(12,915	)		(9,429	)
Unallocated ESOP shares (at cost 562,937 shares at September 30, 2015, and no shares at December 31, 2014)		(7,397	)		—
Accumulated other comprehensive income , net of taxes		3,759			3,557
Total stockholders’ equity		88,823			98,402
Total liabilities and stockholders’ equity	$	882,736			935,785

This information is preliminary and based on Company data available at the time of the presentation.

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HFBC Reports Third Quarter Results

Page 9

October 30, 2015

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Income

(Dollars in thousands)

Unaudited

	For the Three Month Periods					For the Nine Month Periods
	Ended September 30,					Ended September 30,
	2015		2014			2015		2014
Interest income:
Loans receivable	$	6,374		6,913			18,895		19,743
Securities available for sale - taxable		1,237		1,562			4,953		5,035
Securities available for sale - nontaxable		398		514			1,267		1,589
Interest-earning deposits		3		5			11		19
Total interest income		8,012		8,994			25,126		26,386
Interest expense:
Deposits		1,246		1,354			3,751		4,313
Advances from Federal Home Loan Bank		71		430			206		1,292
Repurchase agreements		130		228			368		722
Subordinated debentures		186		174			553		551
Total interest expense		1,633		2,186			4,878		6,878
Net interest income		6,379		6,808			20,248		19,508
Provision for loan losses		275		(892	)		760		(773	)
Net interest income after provision for loan losses		6,104		7,700			19,488		20,281
Non-interest income:
Service charges		750		879			2,184		2,505
Merchant card income		286		265			842		800
Mortgage origination revenue		345		316			865		507
Gain on sale of securities		103		294			552		548
Income from bank owned life insurance		108		65			252		226
Financial services commission		186		363			539		737
Other operating income		158		211			483		613
Total non-interest income		1,936		2,393			5,717		5,936

This information is preliminary and based on Company data available at the time of the presentation.

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HFBC Reports Third Quarter Results

Page 10

October 30, 2015

HOPFED BANCORP, INC.

Consolidated Condensed Statements of Income, Continued

(Dollars in thousands, except share and per share data)

(Unaudited)

	For the Three Month Periods						For the Nine Month Periods
	Ended September 30,						Ended September 30,
	2015			2014			2015		2014
Non-interest expenses:
Salaries and benefits	$	3,960			3,881			12,148		11,368
Occupancy		788			781			2,278		2,498
Data processing		724			730			2,117		2,194
Franchise and deposit tax		260			346			759		990
Intangible amortization		—			16			32		81
Professional services		380			397			1,177		1,025
Deposit insurance and examination		135			182			403		562
Advertising		337			368			983		1,023
Postage and communications		162			140			428		423
Supplies		107			156			364		459
Loss (gain) on real estate owned		(18	)		35			716		160
Real estate owned		202			(29	)		406		193
Other operating expenses		516			560			1,446		1,358
Total non-interest expense		7,553			7,563			23,257		22,334
Income before income tax		487			2,530			1,948		3,883
Income tax expense (benefit)		(23	)		577			200		651
Net income	$	510			1,953			1,748		3,232
Net income per share:
Basic	$	0.08		$	0.27		$	0.27	$	0.44
Diluted	$	0.08		$	0.27		$	0.27	$	0.44
Dividend per share	$	0.04		$	0.04		$	0.12	$	0.12
Weighted average shares outstanding - basic		6,359,556			7,265,597			6,493,449		7,348,708
Weighted average shares outstanding - diluted		6,359,556			7,265,597			6,493,449		7,348,708

This information is preliminary and based on Company data available at the time of the presentation.

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HFBC Reports Third Quarter Results

Page 11

October 30, 2015

HOPFED BANCORP, INC.

Selected Financial Data

(Dollars in thousands)

	For the Three				Change from
	Months Ended				Prior Quarter
	9/30/2015		6/30/2015
Interest income:
Loans receivable	$	6,374		6,231		143
Securities available for sale - taxable		1,237		1,268		(31	)
Securities available for sale - nontaxable		398		416		(18	)
Interest-earning deposits		3		4		(1	)
Total interest income		8,012		7,919		93
Interest expense:
Deposits		1,246		1,245		1
Advances from Federal Home Loan Bank		71		66		5
Repurchase agreements		130		118		12
Subordinated debentures		186		183		3
Total interest expense		1,633		1,612		21
Net interest income		6,379		6,307		72
Provision for loan losses		275		270		5
Net interest income after provision for loan losses		6,104		6,037		67
Non-interest income:
Service charges		750		720		30
Merchant card income		286		286		—
Mortgage orgination revenue		345		343		2
Gain on sale of securities		103		83		20
Income from bank owned life insurance		108		73		35
Financial services commission		186		194		(8	)
Other operating income		158		169		(11	)
Total non-interest income		1,936		1,868		68

This information is preliminary and based on Company data available at the time of the presentation

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HFBC Reports Third Quarter Results

Page 12

October 30, 2015

HOPFED BANCORP, INC.

Selected Financial Data

(Dollars in thousands, except share and per share data)

	For the Three						Change from
	Months Ended						Prior Quarter
	9/30/2015			6/30/2015
Non-interest expenses:
Salaries and benefits	$	3,960			4,004			(44	)
Occupancy		788			752			36
Data processing		724			701			23
Franchise and deposit tax		260			251			9
Intangible amortization		—			16			(16	)
Professional services		380			468			(88	)
Deposit insurance and examination		135			151			(16	)
Advertising		337			340			(3	)
Postage and communications		162			134			28
Supplies		107			111			(4	)
(Gain) loss on real estate owned		(18	)		741			(759	)
Real estate owned		202			67			135
Other operating		516			498			18
Total non-interest expense		7,553			8,234			(681	)
Income (loss) before income tax expense		487			(329	)		816
Income tax expense (benefit)		(23	)		(212	)		189
Net income (loss)	$	510		($	117	)	$	627
Net income (loss) per share:
Basic	$	0.08		($	0.02	)	$	0.10
Fully diluted	$	0.08		($	0.02	)	$	0.10
Dividend per share	$	0.04		$	0.04
Weighted average shares outstanding - basic		6,359,556			6,425,687
Weighted average shares outstanding - diluted		6,359,556			6,425,687

This information is preliminary and based on Company data available at the time of the presentation.

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HFBC Reports Third Quarter Results

Page 13

October 30, 2015

HOPFED BANCORP, INC.

Selected Financial Data

The table below adjusts tax-free investment income for the nine month periods ended September 30, 2015, and September 30, 2014, by $625,000 and $774,000, respectively, for a tax equivalent rate using a cost of funds rate of 0.95% for the nine month period ended September 30, 2015, and 1.25% for the nine month period ended September 30, 2014. The table adjusts tax-free loan income by $5,000 and $9,000, respectively, for nine month periods ended September 30, 2015, and September 30, 2014, respectively, for a tax equivalent rate using the same cost of funds rate:

	Average		Income and			Average			Average		Income and			Average
	Balance		Expense			Rates			Balance		Expense			Rates
	9/30/2015		9/30/2015			9/30/2015			9/30/2014		9/30/2014			9/30/2014
	(Table Amounts in Thousands, Except Percentages)
Loans	$	550,047		18,900			4.58	%	$	535,659		19,752			4.92	%
Investments AFS taxable		208,721		4,953			3.16	%		259,615		5,035			2.59	%
Investment AFS tax free		53,859		1,892			4.68	%		63,321		2,363			4.98	%
Interest bearing deposits		5,096		11			0.29	%		9,819		19			0.26	%
Total interest earning assets		817,723		25,756			4.20	%		868,414		27,169			4.17	%
Other assets		74,136								73,550
Total assets	$	891,859							$	941,964
Retail time deposits		289,157		2,516			1.16	%		307,307		2,786			1.21	%
Brokered deposits		32,706		279			1.14	%		39,741		401			1.35	%
MMDA & Savings		95,016		146			0.20	%		96,278		145			0.20	%
Interest bearing checking		195,929		810			0.55	%		191,925		981			0.68	%
FHLB borrowings		17,315		206			1.59	%		44,985		1,292			3.83	%
Repurchase agreements		43,726		368			1.12	%		41,386		722			2.33	%
Subordinated debentures		10,310		553			7.15	%		10,310		551			7.13	%
Total interest bearing liabilities		684,159		4,878			0.95	%		731,932		6,878			1.25	%
Non-interest bearing deposits		112,198								105,325
Other liabilities		4,363								5,026
Stockholders’ equity		91,139								99,681
Total liabilities and stockholders’ equity	$	891,859							$	941,964
Net interest income				20,878								20,291
Net interest spread							3.25	%							2.92	%
Net interest margin				3.40	%							3.12	%

This information is preliminary and based on Company data available at the time of the presentation.

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HFBC Reports Third Quarter Results

Page 14

October 30, 2015

HOPFED BANCORP, INC.

Selected Financial Data

The table below adjusts tax-free investment income for the three month periods ended September 30, 2015, and September 30, 2014, by $197,000 and $251,000, respectively, for a tax equivalent rate using a cost of funds rate of 0.94% for the three month period ended September 30, 2015, and 1.20% for the three month period ended September 30, 2014. The table adjusts tax-free loan income by $3,000 for each of the three month periods ended September 30, 2015, and September 30, 2014, for a tax equivalent rate using the same cost of funds rate:

	Average		Income and			Average			Average		Income and			Average
	Balance		Expense			Rates			Balance		Expense			Rates
	9/30/2015		9/30/2015			9/30/2015			9/30/2014		9/30/2014			9/30/2014
	(Table Amounts in Thousands, Except Percentages)
Loans	$	555,792		6,377			4.59	%	$	535,774		6,916			5.16	%
Investments AFS taxable		196,524		1,237			2.52	%		265,853		1,562			2.35	%
Investment AFS tax free		51,063		595			4.66	%		65,298		765			4.69	%
Interest bearing deposits		6,305		3			0.19	%		10,917		5			0.18	%
Total interest earning assets		809,684		8,212			4.06	%		877,842		9,248			4.21	%
Other assets		67,860								75,617
Total assets	$	877,544							$	953,459
Retail time deposits		286,516		840			1.17	%		320,008		896			1.12	%
Brokered deposits		30,149		89			1.18	%		42,605		110			1.03	%
MMDA & Savings		94,679		45			0.19	%		94,522		49			0.21	%
Interest bearing checking		191,903		272			0.57	%		190,329		299			0.63	%
FHLB borrowings		10,685		71			2.66	%		42,970		430			4.00	%
Repurchase agreements		47,124		130			1.10	%		46,765		228			1.95	%
Subordinated debentures		10,310		186			7.22	%		10,310		174			6.75	%
Total interest bearing liabilities		671,366		1,633			0.97	%		747,509		2,186			1.17	%
Non-interest bearing deposits		114,319								103,112
Other liabilities		4,574								4,660
Stockholders’ equity		87,285								98,178
Total liabilities and stockholders’ equity	$	877,544							$	953,459
Net interest income				6,579								7,062
Interest rate spread							3.09	%							3.04	%
Net interest margin				3.25	%							3.22	%

This information is preliminary and based on Company data available at the time of the presentation.

-END-