| Business Summary | | HopFed
Bancorp,
Inc.
serves
as
the
savings
and
loan
holding
company
of
Hopkinsville
Federal
Bank.
The
Bank
is
a
federally
chartered
stock
savings
bank
whose
business
primarily
consists
of
attracting
deposits
from
the
general
public
and
investing
such
deposits
in
loans
secured
by
single
family
residential
real
estate
and
investment
securities,
including
U.S.
Government
and
agency
securities
and
mortgage-backed
securities.
The
Bank
also
originates
single-family
residential/construction
loans
and
multi-family
and
commercial
real
estate
loans,
as
well
as
loans
secured
by
deposits,
other
consumer
loans
and
commercial
loans.
The
Bank
emphasizes
the
origination
of
residential
real
estate
loans
with
adjustable
interest
rates
and
other
assets,
which
are
responsive
to
changes
in
interest
rates
and
allow
the
Bank
to
more
closely
match
the
interest
rate
maturation
of
its
assets
and
liabilities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HopFed
Bancorp,
Inc.
is
a
savings
and
loan
holding
company
for
Hopkinsville
Federal
Savings
Bank
(the
``Bank'').
For
the
six
months
ended
6/30/01,
interest
income
rose
10%
to
$8.7
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$3.7
million.
Net
income
decreased
3%
to
$1.3
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
increased
loan
loss
provisions.
Earnings
also
suffered
from
expenses
related
to
new
branch
offices. | More
from
Market Guide: Significant
Developments |
| | |
| Position | W. Kelley, 80 | Chairman,
Director | Billy Duvall | CFO | Boyd Clark, 55 | VP,
Sec., Director; Sr. VP -- Loan Admin. of the Bank |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|