Income Per Share (Tables)

9 Months Ended

Sep. 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 per share (“IPS”) computations for the three and nine month periods ended September 30, 2015, and September 30, 2014. For the three and nine month periods ended September 30, 2015, the Company’s financial statements reflect a liability adequate to release of 37,063 shares from the HopFed Bancorp, Inc. 2015 Employee Stock Ownership Plan (the “ESOP”). Therefore, the Company has included 37,063 shares held by the ESOP in the IPS calculation. The Company has excluded 562,937 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 September 30,
	2015		2014
Basic IPS:
Net income	$	510,000	$	1,953,000
Average common shares outstanding		6,359,556		7,265,597

Net income per share	$	0.08	$	0.27


Diluted IPS:
Net income	$	510,000	$	1,953,000
Average common shares outstanding		6,359,556		7,265,597
Dilutive effect of stock options		—		—

Average diluted shares outstanding		6,359,556		7,265,597

Net income per share, diluted	$	0.08	$	0.27


	Nine Month Period Ended September 30,
	2015		2014
Basic IPS:
Net income	$	1,748,000	$	3,232,000
Average common shares outstanding		6,493,449		7,348,708

Net income per share	$	0.27	$	0.44


Diluted IPS:
Net income	$	1,748,000	$	3,232,000
Average common shares outstanding		6,493,449		7,348,708
Dilutive effect of stock options		—		—

Average diluted shares outstanding		6,493,449		7,348,708

Net income per share, diluted	$	0.27	$	0.44