Investments in Affiliated Companies

3 Months Ended

Mar. 31, 2016

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		At
	March 31, 2016		December 31, 2015
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,
	2016		2015
Income – interest income from subordinated debentures issued by HopFed Bancorp, Inc.	$	97		85
Net income	$	97		85

Summary Statement of Stockholders’ Equity

	Trust							Total
	Preferred		Common		Retained			Stockholders’
	Securities		Stock		Earnings			Equity
Beginning balances, December 31, 2015	$	10,000		310		—			10,310
Net income		—		—		97			97
Dividends:
Trust preferred securities		—		—		(94	)		(94	)
Common paid to HopFed Bancorp, Inc.		—		—		(3	)		(3	)
Ending balances, March 31, 2016	$	10,000		310		—			10,310