HopFed Bancorp, Inc. reported net income of $854,000, or $0.24 per share for its second fiscal quarter ending 6/30/09. Both these measures were down year over year from the same quarter of 2008.

The company ended the quarter with a tangible book value of $15.30 per share, compared to its latest closing price of $10.22 per share. The bank has fairly conservative underwriting standards and reported non-performing loans as a percent of total loans of 1.26%.

HopFed Bancorp, Inc. also reported solid capital ratios, which should see it through the balance of the economic contraction. The bank has a Tier 1 Capital ratio of 7.80%, and a Total Risk Based Capital ratio of 12.89%.

HopFed Bancorp, Inc. also announced that the company would pay a quarterly cash dividend of $0.12 per share to stockholders of record as of September 30, 2009. The dividend will be paid on October 15, 2009.

HopFed Bancorp, Inc. is a holding company headquartered in Hopkinsville, Kentucky. It’s subsidiary is the Heritage Bank which has 18 branches in Tennessee and Kentucky. Heritage Bank also has several other subsidiaries including Fall & Fall Insurance, Heritage Solutions and Heritage Mortgage Services.