Investments in Affiliated Companies

12 Months Ended

Dec. 31, 2018

Investments in and Advances to Affiliates [Abstract]

Investments in Affiliated Companies

(19) Investments in Affiliated Companies (Unaudited):

Investments in affiliated companies accounted for under the equity method consist of 100% of the common stock of HopFed Capital Trust I (the Trust), a wholly owned statutory business trust. The Trust was formed on September 25, 2003. Summary financial information for the HopFed Capital Trust 1 is as follows:

Summary Balance Sheets

	December 31, 2018		December 31, 2017
Asset – investment in subordinated debentures issued by HopFed Bancorp, Inc.	$	10,310		10,310
Liabilities
Stockholders’ equity:
Trust preferred securities		10,000		10,000
Common stock (100% owned by HopFed Bancorp, Inc.)		310		310
Total stockholder’s equity		10,310		10,310
Total liabilities and stockholder’s equity	$	10,310		10,310

Summary Statements of Income

	Year Ended December 31,
	2018		2017
Income – interest income from subordinated debentures issued by HopFed Bancorp, Inc.	$	555		449
Net income	$	555		449

Summary Statements of Stockholder’s Equity

	Trust Preferred Securities		Common Stock		Retained Earnings			Total Stockholder’s Equity
Beginning balances, January 1, 2018	$	10,000		310		—			10,310
Retained earnings:
Net income		—		—		555			555
Dividends:
Trust preferred securities		—		—		(538	)		(538	)
Common dividends paid to HopFed Bancorp, Inc.		—		—		(17	)		(17	)
Total retained earnings		—		—		—			—
Ending balances, December 31, 2018	$	10,000		310		—			10,310