HopFed Bancorp, Inc. (HFBC) Reports Second Quarter Income
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…