HOPKINSVILLE, Ky. (July 31, 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 six month periods ended June 30, 2015. For the three month period ended June 30, 2015, the Company reported a net loss of $117,000, or $0.02 per share, basic and diluted, compared to net income of $925,000, or $0.13 per share basic and diluted, for the three month period ended June 30, 2014. For the six month period ended June 30, 2015, the Company’s net income was $1.2 million, or $0.19 per share, basic and diluted, compared to net income of $1.3 million, or $0.17 per share basic and diluted, for the six month period ended June 30, 2014.
Commenting on the second quarter results, John E. Peck, President and Chief Executive Officer, said, “The Company’s operating results were negatively impacted by the results of an absolute auction of two properties owned by the bank as other real estate owned, resulting in a loss of $741,000. At June 30, 2015, the balance of the Company’s other real estate owned is $1.8 million,” Mr. Peck concluded.
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